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Tax levies put your assets at risk. To remove them, you need to work with the IRS to pay your back taxes. A tax levy is a serious business if you owe back taxes. Here’s how a tax levy can affect you, and how you can remove the IRS levy. What Is A Tax… Read more »
Form W-9 is one of the simple IRS Forms that has just one function: it allows you to send a Tax Identification Number (TIN) that is employer identification number (EIN) or the social security number (SSN) to another bank, person, or other financial institution. W 9 California is an information return, meaning it is just… Read more »
In a business, as with anything we strive to excel at, we are bound to make mistakes. That’s not always a bad thing. Many would agree that some wrong steps are necessary to reach long-term goals. While some accounting mistakes are costly than others, they are sure to serve as a teaching moment if you… Read more »
In a business, as with anything we strive to excel at, we are bound to make mistakes. That’s not always a bad thing. Many would agree that some wrong steps are necessary to reach long-term goals. While some accounting mistakes are costly than others, they are sure to serve as a teaching moment if… Read more »
Do you know your business’s cash flow takes a hit when you owe IRS money? In such a case, avoiding a tax debt can be really simple like knowing when and how to file the small business tax return. Also, by knowing what business tax mistakes to avoid, you can prevent having to pay the… Read more »
Owing money to the IRS is common for every working individual across the US. However, several affected individuals aren’t aware of the IRS installment agreement plan & payment options available to them. The IRS has set up payment options that can be applied to people in various financial situations. This is established through a proper… Read more »
Owing money to the IRS is common for every working individual across the US. However, several affected individuals aren’t aware of the IRS payment options available to them. The IRS has set up payment options that can be applied to people in various financial situations. This is established through a proper payment plan, which is… Read more »
Small business owners should operate in a business to realize the tax breaks at their disposal. For example, if you meet the requirements, you can deduct necessary and ordinary business expenses. But business owners often find themselves in tax trouble when they mix business with personal matters. This mistake is also a prime target for… Read more »
The letter one expects from the IRS is a refund cheque. However, it doesn’t happen in most cases, and the letter you get from IRS often relates to the tax return. Over here, the point of discussion is how to respond IRS letters. IRS communicates directly with the person they believe has done something wrong during tax… Read more »
Taxes for small businesses can be confusing. Several questions are there roams around the mind. Confusion is not an unnatural thing. Few Questions comes to the mind such as: How much do I pay? Why do I have to pay this amount? How can I reduce taxable income? However, it is better to do year-end tax planning… Read more »
