Large Firm Skills
With Small Firm Service
Tax law is not always easy to understand. With complex terms and conditions, finding yourself in trouble with the IRS may prove avoidable if you get a basic grasp of some of the more common illegal practices. Evasion is one that many may commit without any intention....
Whether a business owner or a CEO, you want to stay out of trouble with the IRS. That said, sometimes you may be in a tax controversy that can lead to litigation. You need to know the following information if you are in this situation. What are tax controversies? Tax...
You do not want the stress or responsibility of a tax debt hanging over your head. What happens when a former spouse does not pay the requisite taxes? Can the IRS come after you? Many factors determine whether or not the government can collect your ex-spouse's debt...
No one wants to pay more taxes than required. An IRS audit notice may prove stressful. While you believe you have carefully reported necessary information, you may start to second guess everything. To minimize the stress, it may help to understand the reasons behind...
A vacation home in New York may cause you to owe taxes to the Empire State even if you permanently reside elsewhere. According to Section 605 of the NY State Tax Law, spending more than 183 days in the state during a one-year period could incur a tax liability. The...
In general, when you work for someone else, you will either be an employee or an independent contractor. Employees are more costly to the employer, so it is very common for them to try to classify workers as independent contractors. But the requirements for this...
Taxes can be incredibly complicated, even for those who are well-versed in financial matters, and they only become more complicated when you consider paying taxes on a small business or estate. Fortunately, there are ways for law-abiding citizens to avoid...
Business owners hiring independent contractors must provide them with 1099-MISC forms by January 31 following the end of a tax year. If you earned at least $600 working as an independent contractor, the business that paid for your services must send you and the IRS a...
The IRS has set the standard for how it operates to recoup the money it believes you may owe. Once they begin the process of collections, you may find yourself facing a host of issues. With the federal government's power at its disposal, the IRS can cast a wide net...
The type of business you own and operate could determine whether you need to file and pay self-employment taxes. The Internal Revenue Service’s website notes that work performed as a sole proprietorship or an independent contractor generally requires filing annual...