Employment Taxes Amid COVID – Part 3
Parts 1 and 2 of previous blogs on this topic discussed the deferral of employment tax deposits and payments for the year 2020 and the …
Business Taxes are Dependent upon Business Structure – Part I
All businesses must pay taxes. However, not all business taxes are the same for every business. The type, amount and form used in paying taxes …
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Businesses and Taxes
According to the Small Business Administration’s Office of Advocacy, 99.9% of all the businesses in the United States are small businesses, translating into a total …
Individual Income Tax – a necessary “evil”
Almost no one is excited about paying individual income tax. First, it is time-consuming. The research, reporting, calculations and the filling out of tax paperwork …
Collection Due Process is a last chance for tax resolution
The Trust Fund Recovery Penalty (TFRP) can be avoided by ensuring that all employment taxes are collected, accounted for and then sent to the IRS …
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The Dreaded Trust Fund Penalty Assessment Interview – continued
Previous blogs regarding employment tax resolution have covered the payroll taxes, Trust Fund Recovery Penalty (TFRP), Trust Fund Penalty Assessment and an introduction (Part 1) …
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The Dreaded Trust Fund Penalty Assessment Interview
As stated in previous blogs, the Trust Fund Penalty Assessment Interview is a tool that the Internal Revenue Service (IRS) uses to determine who is …
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Payroll Taxes Must Be Collected and Deposited
Owning and operating a small business is no easy task. There are many tasks to accomplish … many “hats” to wear. Inventory, customers, services and …
Introduction to Payroll Taxes
So, you have decided to start your own business. Great! Congratulations! According to the Small Business Administration, there are 31.7 million small businesses in the …
Business Taxes: Paying Yourself – Corporate Officers & Partners
According to the IRS Page Paying Yourself, as of February 26th, 2021, the procedures for compensating yourself for your efforts in carrying on a trade …
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Business Taxes: Employing Members of the Clergy
If you’ve been keeping up with our recent blog posts in the Bullseye Tax Relief Business Taxes blog series, you’ve been seeing all the different …
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Business Taxes: Employing Spouses – One employed by another
In our recent posts in the Bullseye Tax Relief Business Taxes blog post series we’ve been discussing the different IRS tax implications associated with the …
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