IRS plans are a popular method for taxpayers to pay off their tax debt over a while. An installment plan allows you to pay off your tax debt in smaller, more manageable payments...
Posted by KLSM CPA Firm PLLC on 05/16/2023
As a taxpayer, you have certain rights when dealing with the Internal Revenue Service (IRS). These rights are outlined in the Taxpayer Bill of Rights (TBOR), signed into law in 2015....
Posted by Dennis Jao on 05/16/2023
The Fair Debt Collection Practices Act (FDCPA) was enacted in 1977 to protect consumers from abusive and deceptive practices by debt collectors. FDCPA is designed to provide consumers...
Posted by Rosovich & Associates, Inc. on 05/08/2023
Severance taxes are a form of tax imposed on the extraction of natural resources such as oil, gas, coal, or timber. These taxes are levied on businesses that extract natural resources...
Posted by Dennis Jao on 04/21/2023
Uncle Sam benefits from people that sell their startup businesses. The act is considered a collection of tangible items, including real estate, inventory, machinery, and intangible...
Posted by Tiffany Gaskin on 04/21/2023
Limited Liability Companies (LLCs) have become popular among business owners in recent years. One reason for this is the tax advantages and disadvantages of an LLC. In this article,...
Posted by KLSM CPA Firm PLLC on 04/09/2023
A C corporation is a type of business entity that is formed under state law and is taxed separately from its owners. On the other hand, an LLC is a business entity that provides limited...
Posted by Taxes Made EZ Inc on 03/25/2023
The Taxpayers Bill of Rights (TABOR) is a set of laws limiting the amount of revenue the Internal Revenue Service can collect from its citizens and how that revenue can be spent. TABOR...
Posted by Pat Raskob on 03/08/2023
It is a really bad idea to file taxes at the last minute. The decision ahead will make the process faster. It is best to plan and take specific actions before tax filing. For example,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 02/22/2023
