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, you can be held personally accountable for taxes withheld from your employees’ paychecks, that you failed to subsequently, remit to the government. These funds Read more about IRS is Serious about Trust Funds![…]
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. Now, that you decided to enter the arena that is Entrepreneurship, be sure to keep your endeavor looking like an actual business. The very essence of being in Read more about With So Many Entrepreneurs Starting Businesses, Don’t Let Yours Become a Hobby![…]
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. Don’t look now, but the giant is awake. The IRS has indicated that it will send out several million final notices (Letter 11, CP90, etc) to taxpayers who Read more about June 15th is the Date the Hammer Drops![…]
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 IRS suspects that revenue lost from tax cheating numbers into the Trillions of Dollar$. This figure takes into account noncompliance regarding transactions from virtual currency (hence the Read more about Here they come?![…]
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 IRS recently disagreed with a Tax Court case on the insolvency exclusion and pensions. Under the Internal Revenue Code, taxpayers whose liabilities are greater than the value Read more about Got Cancelled Debt, How Much is Income?[…]
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. As you know by now, the Consolidated Appropriations Act of 2021 included several headline provisions, including: $600 stimulus checks, expansion of the Paycheck Protection Program (PPP), and extended Read more about Hidden Gems in the Consolidated Appropriations Act[…]