Tax Debt Relief
How to Hire Your Kids to Save $1,000s In IRS Tax dollars
How much can I pay my child to work for my business according to the 2023 IRS guidelines?
The 2023 IRS guidelines state that you can pay your child a reasonable wage for their work in your business. This wage should be comparable to what you would pay an unrelated employee for similar work. It is important to keep accurate records of the hours worked and the tasks performed by your child, as well as to pay them regularly. This allows you to demonstrate that the payments are legitimate and that you are not using them as a means to avoid taxes.
Read Full ArticleWhich IRS Tax Professional Can Help? CPA, EA, Tax Attorney
When seeking tax debt relief, choosing the right IRS tax professional can make all the difference. From credentials to communication, here are eight critical considerations to guide your selection: 1) Credentials and Qualifications, 2) Experience with Similar Cases, 3) Reputation and Reviews, 4) Transparent Fee Structures, 5) Availability and Communication, 6) Continuing Education, 7) Professional Association Memberships, and 8) Trust and Comfort. Ensure a thorough evaluation to navigate your tax challenges with confidence.
Read Full ArticleResolve your IRS tax problems promptly with these 10 Steps
Confronting tax problems related to issues from the IRS can be daunting and tense. If you have outstanding taxes, are confronted with an audit, or encounter other tax complications, it’s vital to act promptly and discover a resolution. Luckily, there are measures you can adopt to address your tax predicaments and reclaim authority over your monetary circumstances.
Read Full ArticleIRS Jeopardy Assessment: Can the IRS Levy for Owed Money?
Discover the implications of an IRS Jeopardy Assessment for tax debt. Learn if the IRS can levy due to outstanding liabilities. Get informed now.
Read Full ArticleIRS Fresh Start Program | How to Qualify for Tax Relief
what is the IRS fresh start program Trying to figure out how to pay your taxes can be stressful, but the IRS Fresh Start Program may be able to help. People who are having trouble paying their taxes because of a lack of money can use this program to get payment plans and other options.…
Read Full Article3 Bona Fide IRS Collection Alternatives to Solve Back Taxes
3 Bona Fide IRS Collection Alternatives to Solve Back Taxes
Read Full Article1 Way to Pay Less Tax Like The Rich
How to Pay Less Tax Like The Rich The richest Americans pay less tax via overall a lower tax rate than average due to what the IRS shows they do differently. The ultra-rich save the most tax, according to IRS statistics. And over 90% of them have one thing in common. They do not sign their…
Read Full ArticleBank Levy: Insider Tricks To Stop One
Your Best Defense Against A Bank Levy A Collection Due Process Hearing, also known as a CDP hearing, maybe 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 includes…
Read Full Article12 Ways For IRS Tax Debt Relief With IRS Fresh Start Program
If you’re an American facing financial difficulties and can’t afford to pay your taxes, you can seek relief from your IRS tax debt by applying for the IRS Fresh Start program.
Read Full ArticleGreat Opportunities For IRS Tax Debt Relief
When you have IRS tax debt and know that you owe taxes, a common and reasonable response is panic, particularly if you owe a lot of money to the government. Individuals and people who own small businesses often seek help from tax relief services. These firms represent you before the IRS, submit Offer In Compromises,…
Read Full ArticlePayroll Tax 101: A Comprehensive Guide to Understanding Taxes for Employers
Payroll Tax 101: A Comprehensive Guide to Understanding Taxes for Employers
Read Full ArticleTax Credits and Tax Deductions: Discover The Huge Difference
Tax Credit vs Tax Deduction Understanding the Key Distinction Tax credits and tax deductions are powerful tools that can significantly reduce your tax liability. You’ll be pleased to know that understanding how they work is within your grasp. In this post, we will demystify tax credits and deductions and provide you with concrete examples for…
Read Full Article5 IRS Tax Relief Programs to Restore Financial Freedom
There are several IRS tax relief programs that give more taxpayers their financial freedom. In this post, I go over five of those programs.
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