Dealing with a 941 Late Payment Penalty
If you’re an employer, then you know that you must fill in quarterly tax returns with the IRS for the payroll taxes for your employees’ wages. You are required to do that according to the two schedules imposed by the IRS: monthly or once every two weeks. If you file those payroll taxes after their… (0 comment)

5 Ways to Reduce Taxable Income
Many tax bills are similar to punches to the stomach, and on some occasions, the latter would be more pleasant than the former. Reducing taxes is anyone’s dream, and the perfect scenario would be that in which we wouldn’t have to pay any taxes at all. Reducing taxable income is one of the most frequently… (0 comment)

Owing money is something we all try to avoid. The stress of facing the repercussions can be overwhelming. Creditors often employ techniques such appearing at your workplace/home, taking money out of your weekly salary and even your bank account. Of all the creditors, the IRS is the toughest. IRS penalties for those who fail at… (0 comment)

If you’re having trouble paying your tax debt, you should set up payment plan to break the amount down into manageable monthly chunks. There are immense benefits to a payment plan. However, be aware that it can be complicated based on your financial situation. Some obstacles you might face include: Preparing financial statements, Calculating how… (0 comment)