A tax professional often learns when providing tax preparation or tax planning services to a business owner that the owner has misclassified employees as independent contractors. Workers classified as … [Read more...] about WORKERS CLASSIFICATON MYTHS
COMPENSATING KEY EMPLOYEES
A tax professional is often asked when providing tax preparation or tax planning services as to the tax consequences when an employer compensates an employee. There are three basic types of benefits … [Read more...] about COMPENSATING KEY EMPLOYEES
TAX TRAPS FOR THE UNWARY
The tax law is constantly changing. While Congress talks about tax simplification, the complexity of the law continues to escalate. The law has become so complex that even those who specialize in tax … [Read more...] about TAX TRAPS FOR THE UNWARY
ATTORNEY MAKES INVALID OFFER IN COMPROMISE (OIC) TO IRS
There is value to having a tax professional handle complex tax preparation and tax planning issues. We have heard many a taxpayer who has IRS debt problems say that rather than paying a fee to a … [Read more...] about ATTORNEY MAKES INVALID OFFER IN COMPROMISE (OIC) TO IRS
IRS INCOME TAX TRANSCRIPTS NOW AVAILABLE ON THE INTERNET
If you apply for a loan or wish to re-finance your current mortgage, the lender needs to verify your income. The lender usually does this by having you sign IRS Form 4506-T which allows the lender to … [Read more...] about IRS INCOME TAX TRANSCRIPTS NOW AVAILABLE ON THE INTERNET
TRUTH OR CONSEQUENCES – NOT REGISTERING LLC (OR CORPORATION) IN A STATE
One of the most significant issues facing business owners is whether they need to register to do business (or qualify to do business) in a foreign state (a foreign state merely refers to a state other … [Read more...] about TRUTH OR CONSEQUENCES – NOT REGISTERING LLC (OR CORPORATION) IN A STATE
