by Harry | Nov 27, 2019 | IRS Info, Tax Info
They way you structure your business can greatly affect your tax liability. In the eyes of the IRS, there are two main types of business entities: limited liability companies (LLCs) and corporations. If you’re thinking of setting up a business or are thinking of...
by Harry | Aug 30, 2019 | IRS Info
Tax debt can be incredibly overwhelming. However, if you’re struggling to get out of tax debt, there’s an IRS initiative called the Fresh Start Initiative that may be able to help. But what exactly is the Fresh Start Initiative Program? And how do you know if you...
by Harry | Aug 10, 2019 | IRS Info
Though cryptocurrency is designed to be a virtual currency, the IRS does not categorize it as a currency. Instead, the IRS categorizes cryptocurrency as property. For federal tax purposes, this means cryptocurrency must be reported just like physical assets or stock...
by Harry | Jul 30, 2019 | IRS Info, Tax Info
Millions of Americans make mistakes on their tax returns each year. The IRS estimates that as many as 17% of all taxpayers fail to completely comply with the tax code in one way or another. Sometime, people do this intentionally, which is tax fraud. In many cases,...
by Harry | Apr 27, 2019 | IRS Info
The IRS knows how much most taxpayers owe them. So why doesn’t the IRS do your taxes for you? Why do you have to deal with the stress and confusion of doing your own taxes when the IRS could do them for you? Our experts here at Tax Defense Partners took the time to...
by Harry | Apr 26, 2019 | IRS Info
Many Americans have found themselves in a uniquely stressful situation: they thought they’d be receiving a tax refund but found out that the IRS would be keeping it instead. So, why would this happen? If you have certain kinds of debt, the IRS may have the option to...
