The New Tax Code

Posted by Desiree Pierpont in Tax Views 449

The Big Picture The new tax code has started changing the way companies do business. But how will it change our taxes? The tax code changes will apply to your 2017 taxes and while most of you will pay lower taxes for the short haul because of...

What is SALT and Why Should it Matter to You?

Posted by Desiree Pierpont in Tax Views 296

What is SALT? A portion of the Tax Cuts and Jobs Act is known as SALT (state and local tax limits). This new policy limits the deductions that a taxpayer can take for their local sales, income and property taxes. These deductions are usually...

IRS and Passports

Posted by Desiree Pierpont in Tax Debt Views 392

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Adverse Effects of New Tax Law – Retailers and Restaurant Owners

Posted by Desiree Pierpont in Business Development Views 296

Adverse Effects of New Tax Law A drafting error has been discovered in the new tax law that may adversely affect retailers and restaurant owners planning improvements. Under the new tax law, the tax burden for building improvements has...

Monitoring Your Outsourced Payroll Duties – A Video From the IRS

Posted by Desiree Pierpont in Business Development Views 196

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Posted by Desiree Pierpont in Fast Tax Help Views 168

What is a 1099 Employee?

Posted by Lucy P in Business Development Views 397

What is a 1099 Employee? A 1099 Employee is someone who receives a 1099 from their employer instead of a W2. A 1099 Employee is considered a subcontractor instead of an employee. This person is not entitled to the benefits of an employee. Any...

The IRS Third-Party Debt Collectors Go After Low-Income Taxpayers!

Posted by Lucy P in Tax Debt Views 490

IRS Subcontracting Collections of Past Due Taxes The IRS began subcontracting collections of past due taxes to third-party private debt collectors in 2017. These collection agencies have been able to set up payments with about 4,100 delinquent...

IRS Tax Levy

Posted by Desiree Pierpont in Tax Debt Views 662

What is an IRS Tax Levy? An IRS tax levy allows the IRS to seize and sell your property. This property includes: wages money in the bank or other financial accounts vehicles real estate other personal assets This action is taken by the IRS to...

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