Tax Help

Taxpayers With Back Taxes Make Sure You Explore All Your IRS Resolution Options

The most common, Fresh Start Tax Relief Programs are Installment Agreement Payment Plans, Currently Non-Collectible and Offer In Compromise.  For taxpayers with unpaid back taxes its of extreme importance that they work with a qualified partner or have the knowledge themselves to understand the benefits and adverse implications associated with each option available to them. For...

The Traps Associated with Single Member LLCs and Payroll Taxes

A common problem facing business owners with more than one employee are the risks associated with not paying their payroll taxes.  One quarter turns into 8 or more quarters of not filing payroll returns nor paying payroll taxes withheld from employees’ paychecks.  Business owners who have formed single member LLCs generally file a Schedule C...

IRS Taxpayer Relief Initiative

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 is...

What to do if I missed an IRS payment

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 the...