Small businesses usually run into problems because of the IRS Trust fund. The money held by the employer in trust is used to pay the employee’s Social Security and Medical taxes....
Posted by KLSM CPA Firm PLLC on 10/26/2022
Even the wealthy class, who do not have any burden paying their taxes, do not like paying taxes. However, there's a difference between not wanting to pay taxes and finding it difficult...
Posted by Dennis Jao on 03/17/2022
If you didn’t know this before, now you do: owing to the IRS and having a significant outstanding balance can get your passport denied. The State Department and the IRS have...
Posted by Dennis Jao on 09/19/2021
As of April 2020, tax liens are no longer included in a credit report. This decision is due to the fact that they usually contain judgments that were wrongly reported. However,...
The country is gradually recovering from the Coronavirus's effects, and the tax deadline has been pushed until May 17th and while we have just over a month to the filing deadline,...
A tax amnesty is a program by the US government designed for tax defaulters to pay a part of some of their debt without the interest and penalties. This happens in the US, in which...
The Internal Revenue Service can impose a huge number of tax defaulters that do not pay taxes or do not pay on time. These penalties may also include financial penalties imposed on...
If you do not pay your taxes on time, interest and penalties will accrue with time. As a result, it is in the best interest of taxpayers to make payments when due. Statute of...
A student loan is a reality in the lives of 44 million Americans who collectively owe $ 1.6 trillion. These loans are an essential part of the discussion on the financial prospects...