4 Reasons To Hire A Bookkeeper For Your Business
It’s not always easy to know when it’s time to outsource your bookkeeping. Some small business owners can continue on without a bookkeeper longer than others. But as your business grows in revenue, size and complexity, hiring a part time bookkeeper will become a necessity. In this post, we’ll go over our top four reasons […]
The Ultimate Guide to Payroll Systems
Continuing with our series on bookkeeping services, in this post we’re going to introduce and discuss the topic of payroll systems. When you run a business, there are many, many tasks you have to perform in order to keep your business functioning smoothly. Bookkeepers can help you perform certain of these tasks, such […]
Basic Tax Treatment of Cryptocurrency in IRS Notice 2014-21
Cryptocurrency is Classified as Intangible Personal Property The tax issues of cryptocurrency have been very prominent in the media lately. Slowly but surely, the IRS is catching up with the cryptocurrency world and is beginning to nail down the finer points of cryptocurrency taxation. These days, there are lots of people who have cryptocurrency holdings […]
The IRS sent me certified mail to seize my property – now what?
Last Updated: February 24, 2022 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, not every taxpayer takes the initiative to contact the IRS and […]
How much will the IRS settle for? Key facts about IRS Settlements and Offers in Compromise
If you find yourself grappling with a tax deficiency at the end of a given tax year, the first thing you should do is avoid panicking. You have options to choose from to deal with this problem. The IRS is serious when it comes to collecting its debts, but they are willing to make a deal if […]
The Stress of Tax Debt: MIT Study Indicates Stress Can Lead to Risky Decisions
A new MIT study recently confirmed what many of us probably know, but don’t slow our brains down to recognize – that chronic stress, stress that is present over time, can lead to poor decision making. Oftentimes I speak to prospective clients that have difficulty seeing their way out of IRS tax debt. They are […]
The IRS Seized Nearly $60,000 from an Innocent Man for Not Depositing Enough Money to His Bank Account
Estimated Reading Time: 5 Minutes The IRS and the overall government has a wide set of rules, guidelines and laws in place when it comes to banking; a lot of this is an attempt to curb criminal activity such as terrorism, drug dealing and trafficking. In an attempt to catch these types of activities, the […]
How to Find Out if You Owe Taxes
Estimated reading time: 6 Minutes So you filed your taxes last month, but for whatever reason, you feel like you might actually owe the IRS taxes, rather than being issued back a return. Or maybe your situation is different. Perhaps your employer doesn’t deduct taxes from your paychecks throughout the year and you know for […]
No Longer Dead, IRS Owes Man Tens of Thousands In Tax Refunds
Declared Dead by IRS for 29 Years, Living Man Finally ‘Resurrected’ Original Article by Karen Bleier, May 10, 2017, 4:38 PM (CBS/AP) At just four years old, a Minnesota man was falsely declared dead by the IRS. Now, 29 years later and with the help of his state senator, the IRS finally recognizes that Adam […]