Taxes are generally complicated. Lawsuit settlements involve money and are not exempted from taxes, but the laws that govern them, just like all other taxes, lawsuit settlement taxes...
Posted by James Financial Services Inc on 05/10/2022
Borrowing money from family members can be a risky business. And while all debt is risky, family loans come with all kinds of dangers.In spite of the fact that family lenders don't...
Posted by Abundant Wealth Planning LLC on 04/26/2022
You may have payable bills (unclaimed checks) that you cannot send to a vendor, overpayments to a customer, unclaimed paychecks from an employee, or other properties that belong to...
Posted by Taxes Made EZ Inc on 03/10/2022
The Internal Revenue Service (IRS) generally holds that both signatories of a joint tax return are individually liable for the total amount of tax owed, plus penalties and interest....
Posted by Abundant Wealth Planning LLC on 02/28/2022
April 15th is just around the corner, and if you're like many people, chances are your tax preparation is somewhere between mild disarray to frantic, panicked scrambling. There's...
Posted by KLSM CPA Firm PLLC on 02/22/2022
Under federal law, employers are required to withhold certain funds from their employee's wages and remit them to the IRS as income and payroll taxes. United States Code Sec. 6672(a)...
Posted by Abundant Wealth Planning LLC on 02/08/2022
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
An OIC (Offer in Compromise) is a payment option that the IRS makes available to taxpayers. It enables you to pay off your tax debt without "going bankrupt" or "breaking...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/18/2021
Failure to comply with the tax declaration deadline or non-payment of the entire tax bill can have serious consequences. The Internal Revenue Service (IRS) recommends filing unpaid...
Posted by Taxes Made EZ Inc on 12/18/2021
