by Harry | Jan 7, 2020 | Delinquent Taxpayers, Tax Info
The Internal Revenue Service has announced a new payment method for delinquent taxpayers whose accounts are a part of the private debt collection program. Now, these taxpayers can pay IRS-contracted private debt collectors through direct debit. Before this new payment...
by Harry | Dec 23, 2019 | Tax Info, Tax Resolution Help
Having tax debt is incredibly stressful— it’s something no one wants to deal with. But if you’re struggling to pay your back taxes, know that there are a number of ways you can settle your tax debt with the IRS. To help you understand your options, in this post we’re...
by Harry | Dec 23, 2019 | Tax Info, Tax News
Congress appears to be ready to pass a large spending bill that is set to repeal 3 major health taxes that were put in place by the Affordable Care Act. This bill would fully repeal the Cadillac tax, a 2.3 percent tax on medical devices, and a health insurance fee,...
by Harry | Nov 27, 2019 | Tax Info, Tax Tips & Tricks
If you’re the sole owner of a business, you may have considered forming a single-member LLC. A single-member Limited Liability Corporation (SMLLC) is a business classification that can help protect you from potential liability and help you maximize your tax benefits....
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 | Nov 27, 2019 | News & Tips, Tax Info, Tax News
Several Democratic candidates have proposed a wealth tax. For example, Elizabeth Warren has proposed a wealth tax that would raise an estimated $3.5 trillion over 10 years. Senator Warren has said that this wealth tax would pay for her proposed programs, such as free...
