I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. There is an age old question out there about whether or not you should or are required to pay your workers as employees, rather than an independent contractor. Read more about <strong>IRS Definition of Independent Contractor vs. Employee</strong>[…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. Well the end of the 2021 Tax Season has officially came and went. My 24th tax season in fact. And by now you’ve figured out if you haven’t Read more about Official End of the 2021 Tax Season[…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. In case you’re unaware, in an effort to battle the effects of the COVID-19 pandemic on the public and business owners, the federal government created rules and regulations Read more about Employee Retention Credit Audits![…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. Penalty abatement should be on your radar anytime you have a substantial obligation to the Internal Revenue Service/ U.S. Treasury. Of course, you must have a plan of Read more about Penalty Abatement (Bad Accountant defense)[…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. The Internal Revenue Service (IRS) is beginning to ramp up their enforcement actions against taxpayers that are not in compliance. They have already started to report all taxpayers Read more about Passport Blues![…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. We talk frequently about requesting from the Internal Revenue Service (IRS), penalty abatement for past tax obligations. If you’re wondering about how to do such a thing without Read more about Penalty Abatement, Please […]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. Recently, Joe Blow taxpayer. Received a Final Determination concerning the taxpayer’s Form 8857 Request for Innocent Spouse Relief for three of the last four tax years, in which Read more about Innocent Spouse Relief[…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. We know Offers-In-Compromise are all the rage Nowadays. Why between the commercials on radio stations, the late night commercials “We settled our $500K tax bill for just $5.51”, Read more about Don’t Qualify for an Offer? Try CNC Status![…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. IRS contacts taxpayers regularly (at the addresses they have on file) regarding tax obligations in the form of a Notice of Deficiency. The notice is usually worded in Read more about Notices of Deficiency are No Joke![…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. A Senate proposal to ramp up IRS surveillance over cryptocurrency promises to generate $28 billion in tax revenue. Cryptocurrency exchanges, investors and their advisers were caught off guard Read more about Crypto Surprise in Bipartisan Tax Plan[…]