Client Saves Almost $90K In Taxes After Losing Everything In A Market Crash.

All too often, loan applicants who carry an unpaid balance with the Internal Revenue Service (IRS) or state taxing entity worry that their credit score will be affected, putting their loan at risk. But they check their credit score, and everything seems great.  However, just because your tax liens don’t affect your credit score, that […]

When navigating a divorce or separation, having the IRS involved can make it even more challenging. You’ve come across two programs — innocent spouse relief and injured spouse relief — and the names sound nearly identical. Which one applies to your situation? Without guidance, it’s almost impossible to tell. Both programs exist for married or […]

Many business owners assume the IRS will pursue the company if payroll taxes are unpaid, not them personally. The Trust Fund Recovery Penalty (TFRP) changes that assumption. It holds individuals directly liable for 100% of the unpaid payroll taxes withheld from employee paychecks. Corporate officers, bookkeepers, accountants and anyone with payroll authority can face personal financial […]

Owing back taxes to the Internal Revenue Service (IRS) can feel like living under a countdown you can’t see. Maybe they’ve piled up alongside business expenses, or complex filing requirements and IRS letters have left you feeling overwhelmed. Many taxpayers don’t realize that the IRS operates under a hard legal deadline of its own. After […]

The winter holidays are fast approaching, and employers across the country are preparing for their yearly office parties. If you’re thinking of celebrating your workplace, you might be eligible for more tax deductions than you realize.