Learn how to avoid common employment tax mistakes and stay compliant with IRS regulations to save time, money, and stress.
Common Employment Tax Mistakes and How to Avoid Them
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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.
Beware of these audit triggers as tax deadline approaches
The Internal Revenue Service (IRS) pushed back the tax deadline to July 15, 2020. The deadline is fast approaching, and as taxpayers finalize their returns, they may find themselves wondering “what triggers a tax return?”Although invasive audits have declined, audits...
Do you owe the IRS if you win the lottery?
It was a big payday for a lottery ticket buyer from Arizona. The patron entered a local store, purchased a Mega Millions ticket, and left to soon become a millionaire. Later that evening, the ticket holder won the $410 million jackpot.The winner will not,...
High-income non-filers owe billions, but for how long will the IRS leaves them alone?
Once January rolls around every year, people shift gears from talking about the holidays and New Year's resolutions to planning for the inevitable tax season. The vast majority of Americans pay their taxes in full and on-time.It might surprise most people to learn,...
Can I lose my passport if I do not pay my taxes?
Paying your tax bill is not just a suggestion, but a requirement. A failure to do so can lead to all sorts of problems. This can include financial penalties, interest payments, jail time and even loss of one’s passport.How can the government take away my passport if I...
Impact of COVID-19 on federal payroll taxes
Payroll taxes make up about 2/3 of the IRS' annual revenue. With the COVID-19 pandemic sweeping the globe and unemployment at an all-time high, the IRS is expecting a significant decline in this revenue, meaning after the panic has ended, they will need to replenish...