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Unfortunatly, you will need to find either a good CPA who can help you work with the IRS or a good tax attorney who does tax controversy work to help. I don't do tax controversies myself; I only do ta ...Read more

The gas company's asking for a W-9 does not necessarily mean that any damages they pay you will be taxable income, no. But they will generally be required to issue a 1099 if they are going to deduct t ...Read more

Generally speaking and assuming no other issues, the IRS will generally consider offers in compromise and installment payment plans.

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FIVE TAX TIPS YOU MUST HAVE AFTER RECEIVEING A PERSONAL INJURY SETTLEMENT

We are in a new year and tax season is just around the corner. Because of this, if you have received a personal injury settlement or award it is important that you understand all the tax ramifications ... Read more

A GIFT SPLITTING PRIMER

Caution: If you and your spouse make gifts, a gift tax return may need to be filed even if the amount is under the yearly threshold. The annual gift exclusion allows an individual to gift up to $14,00 ... Read more

Start the 2017 Tax Year Off on the Right Foot

The new year is upon us. We are a few days into 2017 and many individuals and small business owners are wondering how a new year and a new president may impact their tax planning strategies. However, ... Read more

Year End Tax Planning Strategies for Small Business

The end of 2016 is only a couple of weeks away. However, there may still be time to take action to reduce small business tax liabilities. For example, buying necessary equipment for your business by D ... Read more

IRS Tax Audit Help – Red Flags to Avoid

There are few things more frightening to a small business than an IRS tax audit. In the aim to avoid a possible audit, many small business owners are overly conservative with their tax filings; howeve ... Read more

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