Illinois Notice of Proposed Tax Liability – 3 Things You Need To Know
Illinois Notice of Proposed Tax Liability – 3 Things You Need To Know Illinois business owners – If you’ve received a Notice of Proposed Tax Liability, you probably have questions. This article briefly answers the three questions you may have after receiving this notice from the Illinois Department of Revenue – Audit…
Is Personal Responsibility for Payroll Taxes a Serious Legal Problem?
You may have been required to collect payroll taxes for your employees. If so, you were probably also responsible for making monthly payroll tax payments. Some business owners fail to make those payments. If this has ever been you, keep reading. In that case, an IRS revenue officer may seek to determine whether you were…
Deadline Nov 21 — Stimulus Payments for College Students
College Students May Still Qualify for Economic Impact Payment The Internal Revenue Service confirmed last week that eligible college students who are self-supporting and who do not need to file a tax return may still receive the Economic Impact Payment (EIP). November 21 is the registration deadline to receive the benefit payment before the end…
The Best Way to Remove IRS Tax Liens
HOW DOES A FEDERAL TAX LIEN AFFECT ME? A federal tax lien is an instrument used by the IRS. The Illinois Department of Revenue and other state tax departments have similar liens. This federal IRS tax lien is not just a document. Instead, it is a claim of IRS’s financial interest in all assets…