IRS Tips Reporting People who work in companies or organizations as tipped employees, ought to report both their regular income and their tips from each shift as income. If you are employed as a waiter or waitress, a casino poker dealer, a valet, bus boy, or as another commonly tipped worker, it is essential that [...]

Chief Revenue Officer Job Description A variety of professionals are usually employed by the IRS whose sole duty is to collect on delinquent taxes, penalties, and other monies owed to the government. IRS revenue officers play a vital role in the collection process. The revenue officers is the one who educates taxpayers on their tax [...]

Form 13711 Offer in Compromise Appeal (OIC) An Offer in Compromise or OIC can significantly reduce the effect of tax burdens on taxpayers. However, the IRS puts each OIC into consideration individually and it is capable of turning down offers for different reasons. Instead of accepting the rejection as the IRS' final determination, you can [...]

Owing back payroll taxes puts you and your business in a complex situation with the IRS. Instead of hiding away from your debts, you can deal with this duty efficiently and in a timely manner by using any of the ways to resolve unfiled payroll taxes.  The Likely Effects of Unpaid Payroll Taxes  Unpaid payroll taxes [...]

There is a feeling of satisfaction in owning a business. When you own and manage your own business, you are required to be in control of every last data. This includes filing and paying your business's taxes on time without failing.  However, when you find yourself taken aback by the task of paying your business's taxes, [...]

It could be really difficult dealing with financial hardship particularly tax issues can be overwhelming and annoying. Rather than face the situation on your own, you may want to hire someone like a tax resolution specialist to help you through the trying time. You can hire an experienced IRS tax attorney by knowing what this type [...]

IRS Penalties When Your Tax Preparer Makes Errors It's unsettling to trust someone with your taxes, only to discover errors on your return and hear those dreaded words: "IRS penalties when your tax preparer" made a mistake. Facing potential IRS penalties due to your tax preparer's actions can seem overwhelming, conjuring up worst-case scenarios. No [...]

Every year, the IRS grants taxpayers until April 15 to correctly file and pay their federal income taxes. People who cannot meet up with this deadline to file due to certain reasons can request an extension until October 15 by filling out and submitting IRS Form 4868. This extension will offer taxpayers additional time to [...]

What happens if you marry someone who owes back taxes?Spouse Owes Back TaxesIf my spouse owes back taxes am I liable?Getting married is a beautiful commitment and it certainly means sharing your life with your spouse in so many ways than you planned. You may be joining two separate households, including your finances. If you [...]

Getting a letter from the Internal Revenue Service is certainly one that drives fear down your spine. You should not panic as not all notices completely victimize you.  If you receive the Letter 6174-A, it just implies that the IRS believes you may have faltered in your taxes because you didn't report cryptocurrency transactions accurately. [...]