Life Events Can Create Unexpected Financial Consequences – Why It Is Important to Communicate With Your Tax Professional Unexpected Bad News Some taxpayers received unexpected news when … [Read more...] about ADVANCED PREMIUM TAX CREDIT WOES
IRS tax debts
A Day Late
“A day late and a dollar short” is an American idiom that is another way of saying “too little too late” Background Mr. & Mrs. Khafra (122 aftr 2d 2018-6610) went to court and argued … [Read more...] about A Day Late
ACTION STEPS NEEDED IF YOU RECEIVE A BONUS
IRS Announces New Withholding Rate on Bonuses Paid to Employees – Action Steps Required To Avoid IRS Underwithholding Penalty The Good News A company bonus paid to an employee is great news … [Read more...] about ACTION STEPS NEEDED IF YOU RECEIVE A BONUS
IRS ADVISES ITS AUDITORS HOW TO AVOID TAXPAYER’S RIGHT TO GO TO TAX COURT
IRS Challenges Corporate Taxpayers Who Fail to Pay Shareholder Employees a Reasonable Compensation by Denying Taxpayers Access to the Tax Court Background Since 2005, the IRS has focused … [Read more...] about IRS ADVISES ITS AUDITORS HOW TO AVOID TAXPAYER’S RIGHT TO GO TO TAX COURT
PA EMPLOYERS & INDEPENDENT CONTRACTORS – LEARN FROM NJ AUDITS
NJ WARNS EMPLOYERS & ACCOUNTANTS WHO ISSUE FORM 1099-MISC TO EMPLOYEES NJ says employers are misinformed if they believe that by simply reporting a worker's earnings to the federal government … [Read more...] about PA EMPLOYERS & INDEPENDENT CONTRACTORS – LEARN FROM NJ AUDITS
HOW TO SIGNIFICANTLY INCREASE THE TAXES YOU OWE TO THE IRS
OUT OF VOGUE: FRIVOLOUS ARGUMENTS Neither the IRS Nor the Courts Tolerate Frivolous Arguments Made by Taxpayers . . . and to Make Them Can be Very Costly Tax Protestors Most Americans … [Read more...] about HOW TO SIGNIFICANTLY INCREASE THE TAXES YOU OWE TO THE IRS