Installment agreements offer an alternative for taxpayers to pay off their tax debt. Instead of paying in a lump sum, those who qualify for an installment agreement can make smaller, more manageable monthly payments. There are different types which can include a...
Year: 2024
Small business owners take note of these important tax deadlines
A failure to meet tax deadlines can mean more than a headache, it can mean a hefty financial penalty and possible interest. Depending on the details behind the error, the Internal Revenue Service (IRS) could also attempt to make allegations of criminal wrongdoing....
IRS Tax Exempt/Government Entity Division 2023 Accomplishments Letter Achievements Highlighted
IRS Tax Exempt/Government Entity Division focuses on its Operational Improvements in its 2023 Accomplishments Letter which runs through the agency’s Sep. 30, 2023, fiscal year-end. The Achievements Highlighted Include: The hiring of 197 new employees: 113 Revenue...
IRS Tax Relief Alert: Penalty Payments Temporarily Suspended
Stay informed about recent IRS tax relief measures, eligibility criteria, and automatic penalty relief details for taxpayers facing back taxes from 2020-2021 amidst the COVID-19 pandemic.
Employment Tax Audits: What Employers Need to Know
Worried about the possibility of an employment tax audit for your business? Here are specific areas the IRS may scrutinize closely.
Inside Tax Season 2023: Updates and Intrigues
Get ready for Tax Season 2023 with updates and insights on IRS changes, court rulings, and more. Stay informed about tax filing, deadlines, and significant developments in the ever-evolving tax landscape.
The Basics of Offshore Taxes: What You Need to Know
Discover the basics of Offshore Taxes: Learn how to safeguard your wealth and navigate IRS compliance requirements.