As online selling continues to flourish, the taxation landscape has become increasingly complex for e-commerce businesses. One crucial aspect that online sellers need to navigate is...
Posted by Rosovich & Associates, Inc. on 07/23/2023
Failure to protect the assets that you worked your fingers out to gather might be lost easily in bankruptcy, lawsuit or to creditors. This makes it essential to keep all laws in mind...
Posted by Rosovich & Associates, Inc. on 09/26/2021
If you think you don't have to pay certain federal penalties or interest, you can request an IRS penalty abatement. If you qualify, the IRS will waive some or all of your penalties.To...
An overview of the issues of spousal liability in the world of income tax.John and Jane divorced after five years of marriage and two children. Jane got the children, the house, and...
Many taxpayers have concerns about the taxes they pay and wonder if there is a way for them to save on taxes. You will be surprised to know that the best answer to this question lies...
What if you had the chance to win an award of excellence for your outstanding contributions to art, community service, or science? Do you have to pay income tax on this amount? The...
Several charities are experiencing a drop in donations as the United States grapples with the COVID health crisis. In response, Congress included a clause in the CARES Act, designed...
On September 5, 2019, the Treasury Department and the IRS released proposed regulations that would affect when taxpayers report their gross income amounts. In general, section 451...
What is the Internal Revenue Code?The Internal Revenue Code refers to Title 26 of the United States Code. "Formal consolidation and codification of the United States' general...