Discover effective strategies and expert advice to solve your IRS tax problems quickly and efficiently.
Payroll Taxes – What You Need to Know About Them and Form 941
What you should know about payroll taxes, form 941, payroll tax filing, due date of returns and deposits, and penalties for not payroll tax filings.
What is Form 433-B | How To Complete It Accurately
Unexpected expenses, cash flow problems, missed filings, or simply dealing with day-to-day business operations can create chaos and lead to severe tax issues, turning into back taxes. That’s where understanding Internal Revenue Service (IRS) Form 433 B becomes necessary. IRS Form 433 B is a key document that helps businesses present their financial details to […]
Understanding Form 433-D: Step-by-Step Instructions and Guidance for Taxpayers
Managing your finances can be one of the most challenging aspects of life, especially when it comes to dealing with tax debt. About 43% of Americans expect to owe money on their federal tax returns, as of 2023 data. While handling everyday expenses is one thing, addressing a significant tax bill is another story. This […]
IRS Form 843, Claim for Refund and Request for Abatement
Did you know that the Internal Revenue Service (IRS) issues over 40 million penalties to taxpayers each year? This staggering number highlights how common it is to encounter tax issues that result in penalties, leading to unnecessary financial stress. You might find yourself in a similar situation, facing IRS penalties or needing to correct a […]
Florida Sales Tax Rate Slashed on Commercial Property Rentals
The current Florida sales tax rate will decrease from the current 4.5% to 2.0%, a substantial 2.5 percentage point cut. The Florida sales tax rate is imposed on rentals, leases, or licenses to use real property, commonly known as commercial rentals This move by the Florida legislature aims to provide financial relief to businesses and […]
Taxpayer’s Guide to Accurately Completing IRS Form 433-F
IRS Form 433-F is crucial for demonstrating your financial capability to the IRS This form helps to establish whether individuals—particularly wage earners—can fulfill their tax obligations without causing financial distress. In this guide, we’ll explore the details involved in filling out IRS Form 433F effectively, emphasizing its importance in tax compliance and providing clear strategies […]
About Form 9465, Installment Agreement Request
Life happens – job loss, medical bills, miscalculations. Suddenly, you can’t afford to pay what you owe in taxes. It’s an awful feeling that weighs you down. But don’t worry. The IRS gets it. They know stuff comes up that you can’t control. That’s why they let you set up an installment plan using Form […]
Form 433-B OIC Explained: A Complete Guide for Business Collections
Completing IRS Form 433-B, the Collection Information Statement for businesses, is a critical component in showcasing your business’s transparency and adherence to tax laws. This guide is designed to assist you in filling out Form 433 B accurately, ensuring that you meet your responsibilities and safeguard your business’s credibility. By doing so, you can ensure […]
How to Stop IRS Wage Garnishment | Wage Levies for Back Taxes
Are you aware of how the IRS might collect the money you owe them through wage garnishment? If you find yourself in debt to the IRS, it’s crucial to understand both how wage garnishment functions and the steps you can take to prevent or stop it. In 2022, the IRS reported that people in the […]