State Tax Liability Payments ARE Allowable Expenses
This is important. We need to look at delinquent state and local taxes and understand how they are treated when...
IRS
Can You File Back Taxes on TurboTax?
Can You File Back Taxes on TurboTax? Below are the basic steps for preparing for and submitting back tax filings,...
How To File An Amended Tax Return
Here’s what taxpayers need to know about filing an amended tax return At the W Tax Group we often have...
How To Complete a W-9 Correctly
What is a W-9 form? Why is my customer asking for it? Clients and customers ask for a W-9 to...
You Have a Right to Privacy When Dealing with the IRS!
All taxpayers have the legal right to privacy. The right to privacy is one of ten rights the Taxpayer Bill...
What you should do if you get a letter or notice from the IRS
Every year the IRS mails letters or notices to taxpayers for many different reasons. Here are The W Tax Groups...
Third quarter estimated tax payments due Sept 15
WASHINGTON – The Internal Revenue Service today reminded the self-employed, investors, retirees and others with income not subject to withholding...
2020 Home Office Tax Deduction
Worked from home in the year of 2020? Of Course you did! What you need to know about the home...
IRS Taxes Due July 15
Taxpayers need to resume payments by July 15 WASHINGTON – The IRS today reminds taxpayers who took advantage of the...
The IRS is Revoking U.S. Passports!
Act Promptly or the IRS May Revoke Your Passport! Under the Fixing America’s Surface Transportation (FAST) Act, the IRS notifies...
The Stunning IRS Ruling That May Bankrupt Small Businesses That Took PPP Loans
The Paycheck Protection Program rolled out with great fanfare to help save small businesses during the coronavirus pandemic. But something...
What is An IRS Trust Fund Recovery Penalty
Many small business owners may get behind on employment taxes or payroll taxes and think they will be able to...
What Are the IRS Statutes of Limitations On Collections
IRS collection statute expiration dates One of the most common questions that clients ask is “Isn’t there some kind of...
What To Do With Seriously Delinquent Taxes
The IRS has started to employ a new and creative method to force taxpayers to the table. More and more...
Tax Levies and Tax Liens – What’s the Difference?
Tomayto Tomahto, Potayto Patahto - aren't levies and liens the same thing? The short answer is NO. Taxpayers often use...
