Steps in Handling Payroll Tax
Steps in Handling Payroll Tax So, your maybe business owes IRS payroll tax. You may be receiving notices that say the IRS is going to collect. The letters threaten to levy (or seize) of your assets and bank funds. You have to fix this problem. Failure to correct the problem could end your…
First Steps to Resolve Payroll Taxes
RESOLVE PAYROLL BACK TAXES WHERE DO YOU BEGIN? This blog has three tips on how to begin your payroll tax resolution. Payroll tax liability can be a huge problem for businesses. Especially when payroll taxes accumulate for several months (or years) without being paid to the federal or state governments. It starts with…
Free IRS Help Now – Form 911
Free Help for Tax Problems – Form 911 This is an IRS Form 911. It is used to contact the IRS Taxpayer Advocate’s Office. To use the Taxpayer Advocate service, just complete Form 911 and submit. Let me tell you a few things about that service, and how it is commonly used….
Deduct Gambling Losses on Your State Taxes
Deduct Gambling Losses on Your State Taxes This Article is for Gamblers Gamblers, whether professional, habitual, or just casual players, have a few things in common. First, they occasionally win. But also, they occasionally finish the year with a net loss from wagers. Still, they all must prepare federal and state tax returns showing…
Find W-2 Forms for Bigger State Refunds
Find W-2 Forms for Bigger State Refunds Take a look at this IRS form W2. Most of us know that this form is important when preparing and filing your tax return. Every year the information from this form is included within your tax return. But also, attach this form to your federal and…
IRS Text Message Scam – Watch Out!
IRS Text Message Scam – Watch Out! The image shown is a text message sent to millions of American cell phones. It begins with the words “IRS Government”. The message goes on to state that: “The system detects an error in the calculation of your tax please complete the data for a tax…
How to Help Your Boss(3 Ways to be the MVP)
How to Help Your Boss with Tax Issues (3 Ways) This article is to help employees of companies with owners who are overwhelmed. This especially applies if you work for a struggling business that is having trouble keeping enough cash flow. Some of the signs of a struggling company may be: Payroll is often slow,…
Why Tax Law Offices is Based in Naperville IL (2024)
Why Tax Law Offices is Based in Naperville IL (2024) Over the last 20 years, our tax defense and resolution services have called several Chicagoland areas home. Some may remember when we started on Dearborn Street in downtown Chicago. Others may have become part of the Tax Law Offices circle during our years in Schaumburg….
Can IRS Tax My PPP Loan?
Can IRS Tax My PPP Loan? Business Owners – Did you know Paycheck Protection Loan forgiveness may not always be tax-free? Here are three things you need to know. #1 If you had a legitimate business in operation by February 15th, 2020, and took out a PPP Loan, your loan is…
Using LLC’s to Get the Employee Retention Credit
Using LLC’s to Get the Employee Retention Credit It seems like everyone is talking about the Employee Retention Credit (ERC). First of all, what is the ERC? The ERC is a refundable tax credit for businesses that continued paying their employees while shut down during the pandemic. Businesses that had a large reduction…