Posts

COMPLETE IRS & TAX REPRESENTATION

Am I Taxed on the ERC Refund?

Am I Taxed on the ERC Refund?   Here are  three ways this frequent question about an Employee Retention Credit refund is asked:     “Do I have to pay taxes on the ERC refund? “ “Does the amount become added back into my income? “ “Is the government going to tax me on a…

Read More...

Frozen Refund? Options While Awaiting IRS Employee Retention Credit

Frozen Refund? Options While Awaiting IRS Employee Retention Credit   Refund Updates: You may have an IRS Employee Retention Credit (ERC) refund application on file. In September 2023, we were advised by the IRS that the government stopped processing applications during the remainder of 2023. Part of the reason for this moratorium on ERC refund…

Read More...

If the Government Shuts Down, Do I Still Have to Pay Taxes?

If the Government Shuts Down, Do I Still Have to Pay Taxes?   First Thing: How Does a Government Shut-Down Affect the IRS   Without an approved budget to, in part, fund the governmental operations, the U.S. government operations may become suspended effective October 1, 2023. This would be the 4th of these events in…

Read More...

IRS Employee Retention Credit Freeze 2023

IRS Employee Retention Credit Freeze 2023   IRS has placed a “moratorium” (or freeze) on the Employee Retention Credit application processing for the remainder of 2023. This means that IRS has frozen handling all new Forms 5884-A submitted for the ERC. Until further notice, this ERC application freeze remains through December 31, 2023.   Why…

Read More...

Can You Repay Yourself Tax-Free from Business

Can You Repay Yourself  Tax-Free from Business   Question from Business Owners:   If you made a loan to your new business, can you pay yourself back tax-free? In other words, are you going to be taxed when you pay back the cash that you invested into your small business.   What About Me? Did…

Read More...

Tell Me About the Employee Retention Credit

Tell Me About the Employee Retention Credit   Tax Law Offices is starting a three-article series on Employee Retention Credit. This will be great information for anyone thinking about applying.   Here is what we will cover:   Basic qualifications and criteria to apply How to pick the best company to apply with What happens…

Read More...

Tax Law Offices is Now Hiring – CPA or EA (Remote)

Tax Law Offices is Now Hiring – CPA or EA (Remote)   Tax Law Offices has an immediate opening for a Certified Public Accountant or Enrolled Agent for our growing, dynamic law firm. New licensees are welcome.   CPA/EA will be responsible for handling a caseload assigned by the firm and developing their own clients….

Read More...

Tax Law Offices is Now Hiring – Attorney (Remote)

Tax Law Offices is Now Hiring – Attorney (Remote)   Tax Law Offices has an immediate opening for a remote attorney for a growing, dynamic law firm. New licensees are welcome.  Attorney will be responsible for handling a caseload assigned by the firm, as well as developing their own clients. The attorney must be able…

Read More...

Good News! IRS Won’t Come Knocking

Good News! IRS Won’t Come Knocking   For many individuals and businesses, the mere mention of the Internal Revenue Service (IRS) can cause a sense of anxiety and dread. The IRS is responsible for enforcing tax laws and ensuring taxpayers comply with their obligations. However, recent developments offer a glimmer of relief to taxpayers across…

Read More...

IRS Problem: From Hot Mess to Hot Success

IRS Problem: From Hot Mess to Hot Success   Dealing with the Internal Revenue Service (IRS) can be an overwhelming experience, as illustrated by a recent case handled by Tax Law Offices. The client arrived at their doorstep with a chaotic situation – erroneous tax returns, a staggering tax liability of $65,000, and a tangled…

Read More...