Explore the complexities of the statute of limitations in employment tax law through the case of U.S. vs. Fecondo, highlighting crucial timelines and legal consequences for non-compliance.
Explore the complexities of employment tax law through the case study of United States vs. Fecondo, offering key insights and practical advice for business owners.
Serving as an executor to an estate or trustee to a trust is a serious commitment. Those who are serving in these roles are wise to move forward carefully. Various rules and regulations apply, and a misstep can mean more than a financial penalty to the estate or...
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.
No one wants to find themselves in arrears with the government, let alone for a significant amount. Thankfully, those who find themselves owing a large sum to the Internal Revenue Service (IRS) may find that they have more options to pay their bill than those who owe...
The Internal Revenue Service (IRS) reports that millions of Americans fall behind on their tax obligations. According to recent data, as of 2020 taxpayers currently owe the feds over $114 billion in back taxes, penalties and interest payments. So, what’s a taxpayer to...
Those who owe the Internal Revenue Service (IRS) a large sum of money may believe that they are in the clear if they do not hear from the agency about that bill for a couple of years. If they haven’t reached out, they must have lost track of the bill, right?...
There are often two distinct groups as tax season approaches. Some anticipate a refund and start planning large purchases, and others know they will owe more than they can afford to pay. As tax season gets closer, you may start to worry about what you will owe and...
Sometimes people forget to file their tax returns. As a result, they start receiving notices from the International Revenue Service (IRS). In this case, the IRS starts sending penalty assessments, bills and letters of enforced collection to taxpayers. The worst you...
While most U.S. citizens are tax compliant, a minority of taxpayers do not adhere to the U.S. tax law. The Internal Revenue Service(IRS), however, exists primarily to ensure that those who don't conform to the tax system remit their tax payments fairly. The IRS...
