The IRS has offered varying options to taxpayers who cannot pay their complete taxes. They have set up a partial payment installment agreement called the PPIA to sort such issues....
Posted by Rosovich & Associates, Inc. on 08/06/2021
Uncle Sam allows small businesses to defer tax payment in a series of ways. Here are four methods to make this happen:Apply for a Payment Plan (Short Term)You can defer your tax payment...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/31/2021
Treatment of distributions to persons placed on active service for at least 179 days (article 72(t) of the code)Under the current law Under current legislation, a taxpayer who...
There are many ways to resolve taxes that tax professionals can use to help their clients at the state, local, and federal levels. Tax agencies offer a variety of these tax resolution...
Posted by Taxes Made EZ Inc on 06/15/2020
Even the most responsible business owner can fall behind with taxes. Every year, unforeseen delays, expenses, and other financial hardships keep people from paying their taxes to the...
Posted by CORE PERFORMANCE on 12/27/2021
A letter from the IRS is rarely a good thing. One of the worst missives to get from the tax man is the CP90 – Final Notice Before Levy. It is a final warning shot to scare...
Posted by Tax Crisis Rescue on 11/06/2021
Having a cash flow projection can be the difference between a thriving business and filling for a Chapter 11 for small business owners.A study found that 30% of businesses fail because...
Posted by Karen Munoz, EA on 08/06/2021
Tax is an issue most Americans hate dealing with; yet, no magic can exclude one from paying taxes. However, it might be pretty frustrating having to try your best to fulfill your tax...
The IRS has issued guidelines on the denial and revocation of passports due to serious tax violations. The IRS must notify the State Department when a person has a "serious"...