Tax Blog

Oct 22

Don’t Be Caught Unaware By a Disqualified Employment Tax Levy

By Salvatore Bochicchio Payroll Taxes, Tax Levy

Generally, before the IRS can levy a taxpayer's assets, it must notify the taxpayer of their right to a Collection Due Process (CDP) hearing. The IRS Independent Office of Appeals conducts the hearing and allows taxpayers to propose alternatives to…

Sep 15

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Understanding IRS Housing and Utilities Collection Financial Standards

By Salvatore Bochicchio Tax Resolution Strategy

When dealing with the IRS, understanding the rules and guidelines they follow can make a significant difference in how you manage your tax debt. One crucial set of guidelines to be aware of is the IRS Housing and Utilities Collection…

Aug 20

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Is Your Business Subject To Beneficial Ownership Information Reporting?

By Salvatore Bochicchio Corporate Transparency Act, News

This year, many businesses must comply with the Corporate Transparency Act (CTA), passed into law as part of the National Defense Authorization Act for Fiscal Year 2021. The CTA requires disclosing beneficial ownership information from individuals who own or control…

Aug 11

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Offer in Compromise Program: Why the IRS Might Return or Reject Your Offer

By Salvatore Bochicchio Offer in Compromise

The Offer in Compromise program (OIC) allows taxpayers to settle their tax debt with the Internal Revenue Service (IRS) for less than the total amount owed. While this can be a helpful option for those facing significant financial hardship, the…

Jun 25

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Your Guide to Understanding IRS Debt Relief Companies

By Salvatore Bochicchio Tax Debt, Tax Relief

Taxpayers dealing with tax debt can feel overwhelmed and stressed, particularly with the IRS' threat of penalties, interest, and enforced collection. During these trying times, IRS debt relief firms become valuable partners, providing specialized services to assist taxpayers in navigating…

Jun 10

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Trust Fund Penalty Frequently Asked Questions

By Salvatore Bochicchio Payroll Taxes

Managing payroll taxes is a crucial responsibility for business owners. A key area of concern arises when payroll tax deposits are not made, as this can lead to the Trust Fund Penalty, also known as the Trust Fund Recovery Penalty…

May 28

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IRS Private Collection Agency Scams: What You Need to Know

By Salvatore Bochicchio IRS Collections

In recent years, the Internal Revenue Service (IRS) has employed private collection agencies (PCAs) to recover overdue tax debts. While this initiative aims to improve tax collection efficiency, it has also created opportunities for scammers to exploit taxpayers. Understanding how…

May 20

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blue wooden desk with tax relief written on notepad

Palm Beach Tax Relief Help: The Role of CPAs

By Salvatore Bochicchio Tax Relief

Tax debt can significantly burden individuals and businesses, causing stress and financial instability. In Palm Beach, tax relief help is available to guide you through the complexities of resolving tax issues. Certified Public Accountants (CPAs) who specialize in tax relief…

Mar 01

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IRS Targets High-Income Non-Filers

By Salvatore Bochicchio News, Tax Returns

The Internal Revenue Service has announced a new initiative to enhance tax compliance and ensure equity. The campaign will concentrate on wealthy taxpayers who have neglected to file their federal income tax returns in over 125,000 instances since 2017. Non-Filer…

Feb 29

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What to Do if You Receive a CP14 Notice

By Salvatore Bochicchio IRS Notices

Receiving a notice from the Internal Revenue Service (IRS) can be an unsettling experience for any taxpayer. One of the types of notices the IRS sends is called CP14. This notice informs you about the unpaid tax amount due for…

East Coast Tax Consulting Blog

Don’t Be Caught Unaware By a Disqualified Employment Tax Levy

Understanding IRS Housing and Utilities Collection Financial Standards

Is Your Business Subject To Beneficial Ownership Information Reporting?

Offer in Compromise Program: Why the IRS Might Return or Reject Your Offer

Your Guide to Understanding IRS Debt Relief Companies

Trust Fund Penalty Frequently Asked Questions

IRS Private Collection Agency Scams: What You Need to Know

Palm Beach Tax Relief Help: The Role of CPAs

IRS Targets High-Income Non-Filers

What to Do if You Receive a CP14 Notice

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