The IRS recently announced a pilot program expanding the ability of taxpayers to qualify for Streamlined Installment Agreements. The test will be conducted through September 30, 2017.
In order for a rollover into a traditional IRA to be tax deferred, the funds must be deposited into the account within 60 days from the date of distribution from the prior retirement account.
Concerns from the 2016 National Taxpayer Advocate Report – IRS Application of Allowable Living Expense Standards
Did you know that if you file a joint income tax return with your spouse it’s possible to lose your refund? When your spouse has outstanding tax debts prior to your marriage or from filing a separate return during your marriage, the filing of a subsequent joint return places any tax refund in jeopardy.
Do you pay to put your child or children in daycare or some other form of child care so you can work and earn a living for your family? If so, then you might be entitled to a tax credit when filing your tax return.
Employers must withhold payroll taxes from employee paychecks and send the withheld money to the Internal Revenue Service. Every company of all sizes has an obligation to collect and pay payroll taxes, or 941 taxes as they are also called.
When you owe taxes, you are expected to pay. If you don’t pay in full and you do not make some type of payment arrangements with the Internal Revenue Service, they can use aggressive tactics to collect.
The Internal Revenue Service has rolled out a new program, the Early Interaction Initiative, designed to help identify employers who begin to fall behind in making payroll tax deposits and assist them in meeting their payment and reporting responsibilities.
One of the biggest reasons taxpayers seek Boca Raton tax debt relief is because of aggressive debt collection efforts.