What is SALT and Why Should it Matter to You?

Posted by Desiree Pierpont in Tax Views 189

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 227

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Adverse Effects of New Tax Law – Retailers and Restaurant Owners

Posted by Desiree Pierpont in Business Development Views 188

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 100

Please View Our new Animated Ad on Facebook and Tell Us What you Think!

Posted by Desiree Pierpont in Fast Tax Help Views 93

What is a 1099 Employee?

Posted by Lucy P in Business Development Views 249

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 373

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 519

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...

The Taxpayer Bill of Rights and Facebook

Posted by Lucy P in Tax Audit Views 317

If you haven’t heard the story yet, you can read an excellent account here https://www.forbes.com/sites/kellyphillipserb/2018/05/16/facebook-loses-bid-to-move-7-billion-tax-case-to-appeals/#38251a017f99. We have mentioned The Taxpayer Bill...

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