Filing tax returns on time is crucial to maintain compliance with the Internal Revenue Service (IRS). However, circumstances may arise where individuals or businesses fail to file...
Posted by Rosovich & Associates, Inc. on 07/07/2023
All workers and employers in the service industries where tips occur should abide by the relevant tax rules. One needs to pay income tax, Medicare tax, and Social security taxes on...
When tax season is upon us, it is usually when tax professionals get panic questions from clients who are being audited by the Internal Revenue Service (IRS) because they haven't...
Posted by Karen Munoz, EA on 08/15/2021
Many small businesses are slammed with tax penalties for errors that can be avoided. This article will explore these mistakes to keep you from turning out thousands of dollars in penalties...
Many identity thieves use stolen social security numbers to file fraudulent tax returns. You won't know if you have been the victim until you are denied your tax return.If you...
If you've made a mistake on your tax form, don't panic. There are processes and forms to remedy the situation.The worst thing that can happen with a mistake is interest and...
A particular problem often arises when one spouse feels that he or she has been unfairly affected by the other spouse's tax liability. Married taxpayers who file a joint income...
Posted by Carmen Garcia on 08/20/2020
The Internal Revenue Service recognizes that sometimes, when a joint return is filed, both parties may not be responsible for a resulting tax liability. However, when a tax liability...
Posted by Advantage Tax Services, Inc. on 01/02/2019
Offshore Voluntary Disclosure Program or OVDP is made primarily for those people who did know that they were actually needed to be reporting the foreign assets or income, and did not;...
Posted by Niner's Accounting & Tax Services, LLC on 09/14/2018