Business, IRS, Personal Taxes, Taxes,
Understanding Federal Tax Liens – I got a Notice of Federal Tax lien in the mail. What is it and how can I get it removed?
Some things are easy to talk about, IRS tax debt not so much. For most people, opening up to family or friends about their financial problems with tax debt owed to the IRS is as personal and potentially embarrassing as it gets. We don’t know exactly why this is the case, we just know that it is the case […]
Business, Business Consulting, Finance & accounting, Funding trends, IRS, News, Personal Taxes, Taxes,
The IRS sent me certified mail to seize my property – now what?
As we saw in our previous post, the IRS is willing to make a deal when it comes to collecting its debts. The IRS gives taxpayers multiple ways to take care of their tax debt and rebuild their financial lives. Unfortunately, however, not every taxpayer takes the initiative to get in touch with the IRS to deal […]
Business, Business Consulting, IRS, News, Personal Taxes, Taxes,
Can the IRS Take My Passport if I Owe Taxes?
The FAST Act If you or a loved one are among the hundreds of thousands of American taxpayers deemed to owe “seriously delinquent” tax debt, it is important to be conscious of the risks you are facing. Due to the Fixing America’s Surface Transportation (FAST) act, your passport may now be revoked if you’re liable […]
Business, Finance & accounting, IRS, Taxes,
Boxelder & Bench Combine Forces: A Comprehensive Bookkeeping Solution for Tax Resolution
Boxelder and Bench: How a Client-First Tax Resolution Firm Solved Bookkeeping ORIGINAL ARTICLE POSTED ON SEPTEMBER 18, 2018 READ THE FULL ARTICLE HERE While many tax resolution firms often leave clients to sort out their own bookkeeping, the team at Boxelder went out of their way to find solutions. But they kept hitting a wall. With […]
How the IRS Seized Millions From Small Businesses: Equitable Sharing or Extortion?
Estimated Reading Time: 8 Minutes If you’re a small business owner, following the rules won’t necessarily stop the IRS from seizing your bank account. Under loose allegations of business owners making evasive deposits, the IRS has taken millions from small business owners. How they did it will shock you Federal law allows the IRS to […]
1099 vs W-2 Employee: What’s the Difference?
Estimated reading time: 4 Minutes The IRS classifies types of workers as either an employee or independent contractor for tax purposes. If you’re reading this, you may wonder how they classify you. Determining whether a worker is an employee or independent contractor is not as simple as one might hope. It’s a gray area, and […]
Choosing the Right Business Structure When Starting a Business
[vc_row][vc_column][vc_column_text] Estimated Reading Time: 5 Minutes So you have decided to start a new business. You have your business plan and have arranged for the necessary financing. The next critical step that a business owner needs to take is to select the type of entity to use to operate the business. Choosing Your Business Structure There […]