The Collection Due Process (CDP) is a time to take a break from the IRS by proposing a deal to avoid the IRS collection penalty. The process was enacted alongside the Internal Revenue...
When your anticipated tax refund is being held by the federal government, the possibility is that you have defaulted your federal student loans.Funds are collected by the Treasury...
What is an Accounting Method?An accounting method refers to the rules that a business follows when reporting income and expenses. The two main accounting methods are accrual accounting...
In 2015, Congress adopted a centralized audit regime for the partnership (the partnership audit rules) that assesses and collects federal taxes due to a partnership-wide audit entity....
Nonprofits envelop a wide range of entities. Many may relate not-for-profits with 501(c)(3) philanthropies, for example, the Salvation Army. However, there are various kinds of nonprofits...