September 7, 20180Comments

What Information or Documents Do You Need in a Tax Audit?

Nobody wants to be audited because it’s a bit—sometimes a lot—of a hassle for the taxpayer or business owner. When you own a business, you want to focus on running

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Business Taxes

August 22, 20180Comments

What You Need To Know About the IRS Failure to Deposit Penalty

It is the employer's responsibility to withhold the income tax on the paychecks of their employees. The United States Treasury monitors the periodic payment of these amounts. Any discrepancy will

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Business Taxes

August 16, 20180Comments

What is the IRS Trust Fund Recovery Penalty and How do you Settle This?

Medicare and Social Security contributions are usually withheld from your employees’ paychecks. Some income tax is also part of this. These amounts are considered as trust fund taxes, and these

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Tax Tips

June 21, 20180Comments

Celebrities with Tax Evasion Cases

No matter what your status in life, when you’re cited for tax evasion, you will be stalked like a celebrity. Ironically, let’s look into some tax evasion cases that some

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Tax Tips

May 30, 20180Comments

What do you do if you owe back taxes?

Because of the “Taxpayer Bill of Rights” recently adopted by the IRS, you need not fear the taxman. Let’s check out some tips to help settle your back taxes debt

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Unfiled Tax

May 13, 20180Comments

Reasonable Cause for Penalty Abatement

How do you apply for reasonable cause when processing your penalty abatement? For most instances, penalty abatement requests to the IRS are handled on a case by case basis. You should

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Unfiled Tax

March 3, 20180Comments

What are the Consequences for Unfiled IRS Tax Return

When you were still in school, you would be punished for your tardiness. You are facing the same consequences at work when you come late and unprepared. Filing late federal

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Infographics

Unfiled Tax

March 3, 20180Comments

How to File Unfiled Tax Returns

If you missed filing last year’s tax return, then you can file retroactively. It is always stressful to keep up with the time, but in most cases, you can prepare

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Unfiled Tax

March 1, 20180Comments

Unfiled Tax Returns: What You Need to Know

Below are some of the most common questions about unfiled or delinquent tax returns. How Will I Know If I Need to File a Tax Return? The IRS introduces Publication 17 each

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Unfiled Tax

February 8, 20180Comments

IRS Failure to File Penalty: Penalties for Not Filing a Tax Return

You will be facing the Failure to File Penalty if you overlook your responsibility of filing the required tax returns The IRS does not tolerate those delinquent taxpayers who do not

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