Small business owners and self-employed individuals who must resolve factual or legal issues between themselves and the Internal Revenue Service can use the Fast Track Settlement program...
Posted by Taxes Made EZ Inc on 08/15/2021
Taxes on trust funds can create big problems for small businesses. When an employer withholds part of an employee's salary to pay income tax, health insurance, and social security,...
Payroll taxes are a vital part of any business, serving as the financial lifeblood that supports essential programs like Social Security and Medicare. However, circumstances can arise...
Posted by KLSM CPA Firm PLLC on 09/13/2023
Uncle Sam has a series of collection methods in its arsenal, and two of the most common and aggressive tools are tax lien and levy. Sadly, Uncle Sam is far from being gentle with any...
Posted by Carmen Garcia on 06/06/2021
What is the trust fund penalty?The term "trust fund" has a varied meaning when applied to labor tax rather than asset management. This is the amount of payroll tax levied...
The IRS assesses penalties and interest on the employer's account when they fail to collect, report, and remit payroll taxes. You may be personally liable for failure to withhold...
When starting a business, one of the first decisions you'll face is what type of business to register for. The type of business you choose will affect your taxes, obligations,...
Community property is a type of joint ownership of property between couples. With some variation between states, all property acquired or purchased by a couple during the marriage...
Here’s an easy question: Do you need more 2020 tax deductions? If yes, continue on.Next easy question: Do you need a replacement business vehicle?If yes, you can simultaneously...
Posted by E.FORKER & ASSOCIATES/ Tax Solvers on 12/07/2020