Much has been talked about and written about the Tax Cuts and Jobs Act. This is not really tax reform…
FAQs
The Tax Cuts and Jobs Act will be signed into law soon. Once enacted, the Act will change many strategies…
Answer: Yes. Congress passed the Fixing America’s Surface Transportation (FAST) Act on December 4th, 2015. As part of FAST, section…
Answer: Yes! This is a question that that I’m always asked around tax season and the tax extension deadlines. Putting…
Yes. Although it’s the business entity that accrued and is liable for payroll taxes, interest, and tax penalties, the government…
Yes, but the IRS is required to obtain a U.S. District Court judge’s approval in writing before the seizure of…
Answer: It depends. Generally speaking, the IRS can collect a tax by levy or by a court proceeding if the…
Consequences of Lost or Destroyed Tax Records Tax season can be stressful; for many, the anxiety doesn’t end when you…
Answer: Tax Compliance, Tax Compliance, Tax Compliance. My answer is a play on the slogan “location, location, location” which emphasizes…
Question: Want to know the difference between a levy vs. lien? Answer: If a business or individual is liable for…