When a taxpayer owes money to the Internal Revenue Service (IRS), the federal government has a powerful tool to collect that debt: the federal tax lien. This lien can potentially turn into a judgment, extending the IRS's window to collect for decades. Federal tax...
Employment Tax Law
Common Employment Tax Mistakes and How to Avoid Them
Learn how to avoid common employment tax mistakes and stay compliant with IRS regulations to save time, money, and stress.
What is the Cohan rule, and how does it apply?
Business owners often find themselves completing one task and quickly moving on to another in the day-to-day of staying dynamic and relevant. Hence, it is not surprising that in pursuit of a successful business, receipts, expenses and business activities that would be...
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....
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.
Employment taxes: What are the most common types of non-compliance?
Businesses must meet federal, state, and local tax obligations. These rules and laws are not always easy to navigate. Violations are common and can quickly lead to harsh financial penalties. In some cases, particularly if the taxing authority can establish that there...
Attorney Chaya Kundra is moderating two panels at the ABA Employment Taxes on Friday May 5th, 2023
Click here to access the document.
TFRP: When the IRS uses it and how it works
The Tax Code and additional Congressional action have given the Internal Revenue Service (IRS) many different tools to come after employers as well as those they consider responsible parties who fail to withhold and remit employment taxes. One such example is the...
Your company may have tax obligations in other states if you employ remote workers
In recent years, there has been an uptick in the number of businesses here in Washington, D.C. and elsewhere employing workers on a remote basis. This increase in remote work has led to an emergence of tax liability concerns that employers are only beginning to...
Common mistakes business owners make when filing employment taxes
There are many aspects of running a business that can give business owners more than their fair share of stress headaches – not the least of which is figuring out employment taxes. As complex as filing taxes can be at times, it’s important to get it right if you want...