Small Business Owners are the IRS’s Next Target so Watch Out
FollowDespite all the bad press the IRS is getting these days, the agency is setting its next target on at least 20,000 small businesses and possibly many more. The IRS has been sending small business owners notices inquiring whether or not the business has included every dime of their income in their tax filings. The […]
Follow Despite all the bad press the IRS is getting these days, the agency is setting its next target on at least 20,000 small businesses and possibly many more. The IRS has been sending small business owners notices inquiring whether or not the business has included...Obama Offers cuts in the US Corporate Tax to Appease Party Bickering
President Obama outlined a plan on Jan 30, 2013 that would cut the US corporate tax rate and use revenues from a business tax that would fund job producing infrastructure projects. This proposal is an effort to appease party bickering and create a solution satisfactory to both Republicans and Democrats. The announcement immediately caused […]
Follow President Obama outlined a plan on Jan 30, 2013 that would cut the US corporate tax rate and use revenues from a business tax that would fund job producing infrastructure projects. This proposal is an effort to appease party bickering and create a solution...Celebrity Tax Mistakes Like James Gandolfini’s Could be Yours Too
When actor James Gandolfini died recently, he had made some major tax mistakes that will now cost his surviving family millions. 80% of his estate was left unprotected against estate taxes, and when you add up federal and state portions, his tax rate will be somewhere around 55%. The sad fact is; this could have […]
Follow When actor James Gandolfini died recently, he had made some major tax mistakes that will now cost his surviving family millions. 80% of his estate was left unprotected against estate taxes, and when you add up federal and state portions, his tax rate will be...The IRS is not adhering to legal protocol when it seizes taxpayer property
A new government report is saying that the IRS is often neglecting to adhere to legal protocol instituted in the IRS Restructuring and Reform Act of 1998 when it seizes taxpayer property. The act was written to ensure taxpayers rights. If the IRS is found to be in breach of the guidelines, it could result […]
Follow A new government report is saying that the IRS is often neglecting to adhere to legal protocol instituted in the IRS Restructuring and Reform Act of 1998 when it seizes taxpayer property. The act was written to ensure taxpayers rights. If the IRS is found to...