IRS Audit Rules: Independent Contractors vs. Employees
IRS Audit Rules: Independent Contractors vs. Employees Myth: The Internal Revenue Service (IRS) website says that it sets Clear guidelines to help businesses decide if a worker should be classified as an independent contractor or an employee. Debunked: The guidelines are not absolute. Every single case is unique, and does not neatly fit into…
The Funny Side of Desiree Oakman, Enrolled Agent
The Funny Side of Desiree Oakman, Enrolled Agent Desiree Oakman is smart. But in the tax resolution and tax planning fields, she is really smart. And she’s funny, in ways you would never expect. Here are just a few moments from an earlier interview, where Desiree shares some stories during her career….
Explain the IRS Levy in Plain Language
Explain the IRS Levy in Plain Language What is an IRS Levy? In plain language, an IRS Levy is basically when the IRS seizes a person’s funds to pay a tax debt to the government. The levy is issued after multiple payment requests, and multiple “Intent to Levy” warnings. To be clear, the…
I Only Pay in Cash!
I Only Pay in Cash! This short (but true) story shares how information moves around a certain community. The end result might surprise you. Guy here owns a Chicago restaurant. It’s an “old school” Chicago hot dog shop. He sells big, juicy Italian beefs, polish sausages, burgers and hot dogs. Everything used to come with…
IRS Audited My Entertainment Business
IRS Audited My Entertainment Business Since leaving the IRS, I’ve had some crazy opportunities during my business career. Here’s one that taught me some lessons. I Was a Music & Comedy Promoter Probably up to 15 years ago, I was seriously involved in producing and promoting entertainment, especially music and stand-up comedy. I worked with…
Why Attorney J Anton Collins Left IRS
J Anton Collins – Why I Left the IRS Jeffrey “Anton” Collins is the lead attorney for the tax defense firm, Tax Law Offices, Inc. In a short interview, he shared some little-known facts about himself. These facts help his clients to understand better who he is. Here he discusses why he is a “former”…
How to Payroll Series: Is Accountant Needed?
How to Payroll Series: Is Accountant Needed? If your business owes IRS payroll tax, you must take some action to protect your business. You will receive notices that threaten IRS collection enforcement. Some common threats include: Final Notice of Intent to Levy Notice to Seize Assets Notice of Federal Tax Lien Notice…
Payroll Tax First Step – Avoid the IRS Cliff
Payroll Tax First Step (Not a Cliff Dive) Facing a substantial payroll tax debt can feel overwhelming, akin to plummeting off a financial cliff or drowning in a sea of obligations. Yet, amidst this turmoil, it’s vital to recognize that there’s always a way forward, even when it seems impossible. Rest assured, you haven’t fallen…
Steps in Handling Payroll Tax
Steps in Handling Payroll Tax Is your business grappling with IRS payroll tax issues? The repercussions of unpaid taxes can be severe, including asset seizure and potential business closure. To tackle this problem effectively, it’s crucial to address it promptly and comprehensively. One common reason for falling behind on payroll taxes is inadequate management of…
IRS Online Accounts Setup Scam
Don’t Talk to Strangers! (New IRS Scam) The IRS just published this new story about a new scam happening. Be careful of strangers offering help. Now, people call you, pretending to work for the IRS. They offer the “service” of helping you set up your IRS online account. They tell you that it will…