Tax
Election Analysis: California & Colorado Voters Fail to Abuse By Shifting Tax Burden
Election Decides Not to Burden Businesses More With Tax In Tuesday’s election, voters in two states—California and Colorado—were tasked with deciding whether to amend their states’ constitution to change how the property tax burden is distributed. In many ways, the ballot measures were mirror images of each other, but the outcomes were similar. California Proposition…
Read MoreMake Final IRS Payment On IRS Website Page Helps Closing Business
The IRS streamlined the “Closing a Business” page into simple steps, so business owners and self-employed individuals can make final IRS payment. During this difficult and challenging time, the IRS streamlined the “Closing a Business” page into simple steps, the release states, so business owners and self-employed individuals can quickly find the information they need.…
Read More3 Collection Alternatives to Solve IRS Back-Tax Debt Problems
There are three main collection alternatives to resolve a back-tax debt: Installment Agreement, Uncollectable Status and Offer-in-Compromise.
Read MoreIRS Tax Enforcement Ambitiously Cranks Up
IRS Gears Up for Aggressive Tax Collections and Enforcement IRS Commissioner Charles P. Rettig testified before the Senate Finance Committee, sending the message that the IRS is committed to catching intentional tax evaders. He stated “The IRS is committed to having a strong, visible, robust tax enforcement presence to appropriately support taxpayers who comply voluntarily.…
Read MoreBank Levy: Insider Tricks To Stop One
Your Best Defense Against A Bank Levy A Collection Due Process Hearing, also known as a CDP hearing, may be your last best chance to resolve a tax controversy and stop a bank levy with the IRS short of tax litigation. The IRS does not allow taxpayers to request these hearings for “frivolous” reasons. That…
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