IRS Installment Payment Plans
If you can pay your debt over time, an installment plan may be the right solution. The most widely used method for paying an old IRS debt is the monthly installment agreement, or IA. If you owe [...]
Preparing for a Business Audit
Be prepared for an audit of your business. Who’s afraid of the IRS? Almost everyone. The key to surviving a tax audit — and even coming out on top — is not to panic, but [...]
IRS Penalties Most Likely to Affect Small Businesses
If your small business fails to comply with tax taws or tax filing requirements, those mistakes can be costly. The number of penalties that the IRS can use to punish small businesses is [...]
Negligence Versus Tax Fraud: How Can the IRS Tell the Difference?
The difference between cheating on your taxes and negligently filing them, and how the IRS distinguishes between the two. It shouldn’t come as a shock to hear that it’s a crime to [...]
IRS Audits and the Self-Employed
According to the IRS, self-employed taxpayers are among the worst tax cheats. Unfortunately for the vast majority law-abiding self-employed taxpayers, this means that they, as a group, are more [...]