Category: Business Taxes

IRS Letter 1153

Business Taxes

What Is the IRS Letter 1153 Assessment?

Did you get IRS Letter 1153 in the mail? This document is the Proposed Assessment of Trust Fund Recovery Penalty,...

failure to deposit penalty

Business Taxes

IRS Failure-to-Deposit Penalty: How to Avoid 941 Tax Deposit Penalties

Employers have an obligation to withhold and deposit Social Security taxes, Medicaid taxes, and income taxes from their employees’ paychecks....

Young female entrepreneur working in a home office

Business Taxes

Avoid Criminal Consequences & Find Harmony

When the IRS sees a business owner with a history of failure to remain compliant, in addition to seeking repayment...

Light at the end of the Tunnel

Business Taxes

Tax Tip: What to do post resolution

Whew! You made it through to the other side! Congratulations on navigating the difficult maze of regulations, processes and emotions...

Taking Notes scaled

Business Taxes

Top Five Concerns of People Facing IRS Action

October 30, 2017

You’ve received a letter from the IRS telling you there’s a problem with your taxes. You’re not entirely clear on...

Business Taxes

Holiday Hiring: Don’t Forget About Tax Regulations

November 2, 2016

Retailers and seasonal companies currently on a hurried hiring spree for the holiday season would be wise to slow down...