Running your own business means wearing a lot of hats, from office cleaner and supplies buyer to client schmoozer and payroll maker. But should you add tax preparer to your already long list of duties? What if you have a tax problem with the IRS? What if doing your own taxes creates a tax problem? We often see small business … Read More
What to Do If You Have Unfiled Tax Returns
No one likes filing their taxes, but not filing them at all is never a good idea. The IRS is a powerful collection agency, and an unforgiving one. Getting on the bad side of the tax agency is not fun, and having years of unfiled returns is one of the worst moves you can make. No matter what the reason, … Read More
Tax Resolution and Your Finances: What is an Offer in Compromise?
Owing money to the IRS can be frightening to say the least. It is easy to feel helpless in such a situation but you should not let fear and feelings of helplessness freeze you into inaction. Every day you wait is one more day interest and penalties are accruing, and those charges could balloon your liabilities and wreck your finances. … Read More