IRS Penalties
Why You Need a Tax Lawyer for Penalty Reduction A potential client once asked us if a tax attorney could help reduce your IRS penalties. The answer is they absolutely can. The IRS assesses taxpayers over $40 million in penalties each year. The most common penalties are for late payment, filing, or tax return…
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2023 Best Tax Resolution: $800K Income to $200/ Week Payment Tax Law Offices recently had a client who worked as a truck driver. He hadn’t filed tax returns or paid his taxes since 2015, and he was terrified he was going to be sent to prison. Once he hired us, we immediately went…
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Tax Law Offices Receives BBB Complaint Free Award! Tax Law Offices once again reached an annual milestone – the BBB Complaint Free Award for 2022. This honor is awarded to those companies that show the highest level of customer care in avoiding complaints through the Better Business Bureau (BBB). At Tax Law…
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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…
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Happy Holidays!! With so much focus on our Tax Matters practice, sometimes we forget just to stop to say THANK YOU! You have been a part of our year, no matter whether you’re a client, business owner, fellow accountant, or fellow lawyer. Our Tax Law Offices have enjoyed helping solve IRS tax problems for you and…
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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…
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Business Owners – Beware of Employee Retention Credit Scam Business owners beware, you could become the victim of a new scam. Here is what you need to know. This new scam involves the Employee Retention Credit. The Employee Retention Credit (ERC) was created to encourage businesses to keep paying their employees during the…
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If You Pay Your Employees Under the Table Here Is What You Need to Know If you are the owner of a business and you are paying your staff cash under the table, what consequences could you face if caught? First of all, you may think that no one will ever find out.…
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3 Things to Know If You Get Paid Cash Under the Table Getting paid under the table may seem like a win-win situation. You don’t have to keep track of your income, and even better, you don’t have to report your income to the IRS. If you don’t report your income, then you don’t…
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Instant IRS Penalty Reduction-Must Know! The IRS assesses taxpayers over $40 million in penalties each year. The most common penalties are for late payment, filing, or tax return errors, but there are many more. Having penalties piled on top of debt the taxpayer already owes can cause the amount due to quickly spiral…
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