by Harry | Dec 6, 2016 | News & Tips
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by Harry | Nov 30, 2016 | News & Tips
If you owe taxes in April, as opposed to getting a refund, then this won’t affect you. For those who are expecting a tax refund in April, you’re in for a rude awakening. Adjusting your tax withholding may be beneficial, due to the Internal Revenue Service stating that...
by Harry | Nov 21, 2016 | News & Tips
There are many taxpayers with outrageous claims on why they shouldn’t have to pay taxes. Donald Trump, the current republican presidential candidate, utilized a 916-million-dollar business loss in 1995, which legally allowed him the right to not pay taxes for 18...
by Harry | Nov 15, 2016 | News & Tips
The last thing any business owner wants to hear is that their bank account has been levied by the IRS. A levy is a legal seizure of your property to satisfy a debt you’ve refused to pay. The IRS will only levy your property if they’ve tried to collect taxes owed, but...
by Harry | Nov 15, 2016 | News & Tips
The IRS isn’t anyone’s best friend, especially in California, which is home to high tax rates for both businesses and individuals. As of now, individual tax rates are sitting at 13.3%, and business tax rates are 8.84%. California legislators pick and choose instead of...
by Harry | Nov 7, 2016 | News & Tips
The Treasury Inspector General for Tax Administration (TIGTA) points out that the Internal Revenue Service (IRS) has not done a great job pursuing nonfilers with extremely high income. A recent TIGTA audit report revealed that the IRS failed to identify and contact...
