What are Small Business Taxes Anyway? There are five general types of business taxes: income taxes, estimated taxes, self-employment taxes, excise taxes, and employment taxes. Income Taxes All businesses except partnerships must file income tax...
Read MoreSame-Sex Couples and Filing Taxes
Legally Married According to the IRS The IRS considers a same-sex couple based on the legality of the state or country they were married in not where they reside. If you were married in a country or state that recognizes same-sex marriage then...
Read MoreWho Should Be Your Tax Advisor?
Every consumer can benefit from a tax professional https://fasttaxhelp.org/. The 21-year-old that goes to school and works part-time as so the businessman that generates several million a month. The U.S Tax Code is over 3 million lines, there are...
Read MoreTax Levy – Property Seizure & Sale
What is a Levy? A levy is when the IRS seizes your property to satisfy back taxes https://fasttaxhelp.org/tax-liens-and-levies/. Before a levy occurs the IRS will have placed a lien on the property in question giving you an opportunity to satisfy...
Read MoreFederal Tax Levies & Chlid Support
Levy = Garnishment An IRS levy takes precedence over a child support order ONLY if the tax levy was entered before the child support order. See https://fasttaxhelp.org/tax-liens-and-levies/ for more information about levies. When the IRS levies...
Read MoreIRS Payment Plans for the Self Employed
The Internal Revenue Service offers payment plans for self-employed. If you are a sole-proprietor or independent contractor you are entitled to apply for a payment plan as an individual. The particular circumstances related to your back taxes...
Read MoreIRS Penalties and Interest Abatement
Some taxpayers may be entitled to abatement (relief) from federal tax penalties if you made a legitimate effort to satisfy legal demands, due to events beyond your control, known as reasonable cause. If you have received a notice from the...
Read MoreWhy Do I Owe the IRS Money?
There are several reasons client’s come to us with tax debt. Some have failed to return, some have made an error on previous tax returns or sometimes it’s a simple matter of too little withholding from their paycheck. Whatever the...
Read MoreHow Do I Get an IRS Tax Lien Released?
An IRS lien is just like any other lien, a claim on your property for money owed, however, unlike your car lien, an IRS lien protects the government’s interest with a lien on ALL OF YOUR PROPERTY. The Internal Revenue Service will place a...
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