COVID-19 created unprecedented financial challenges for US citizens. Although the IRS offers numerous tax relief programs including the Fresh Start Program for those who owe back taxes, more needed to be done for those who didn’t meet the strict qualifications of available tax relief programs the IRS offered. The new IRS Taxpayer Relief Initiative...
What to do if I missed an IRS payment or if I defaulted on an IRS payment plan? What should I do if I’m about to miss a payment in my IRS repayment plan? You have several options available if you aren't able to make payments on your installment agreement with the IRS. Options include reducing...
You’ve probably heard of the Fresh Start Program because it's used all the time in advertisements for the tax firms out there who want to pull you in with words but not knowing anything about your case. So What Is the IRS Fresh Start Tax Program? A large number of taxpayers fail to pay taxes to...
Michigan State Tax Lien What is a Michigan State Tax Lien? A lien is put in place to protect interest in specific property that is taken as security for a debt. A lien may be voluntarily created by agreement of the parties, or it may arise by operation of statute. An example of a voluntary lien...
Understanding what the Michigan corporate officer liability process is and how to respond to it. Authority The Michigan Department's authority to assess officers, members, managers, and/or partners for the liabilities of a corporation, limited liability company, limited liability partnership, limited partnership or a partnership is derived from Michigan Compiled Laws, Section 205.27a, Subsection 5 hereafter referred...
