THE BEST WAY TO REPORT PAYROLL TAXES

The best way to report payroll taxes. In IRS bulletin IR-2022-103, the IRS put out information useful for small business owners who have to report payroll taxes. They urged small businesses to take advantage of the accuracy, speed and convenience of filing their payroll tax returns and making their tax payments electronically online. During National […]

IRS REGULATIONS ON CHARITABLE CONTRIBUTIONS

IRS regulations on charitable contributions. Ever since the Tax Cuts and Jobs Act, passed by Congress and signed into law by President Trump, multiple new tax laws have created uncertainty and grey areas regarding the treatment of new taxes and old deductions. Some of these new regulations and laws have taken some time to get […]

TAX TIME WITH THE IRS FOR APRIL 15 DEADLINE

Tax Time with the IRS for April 15 deadline. The Internal Revenue Service today urged taxpayers to file an accurate tax return on time, even if they owe but can’t pay in full. The IRS also recommends that taxpayers do a Paycheck Checkup early in 2019 to avoid having too much or too little tax […]

TAX CUTS ONE YEAR LATER.

Tax cuts one year later. What happened ? There was a point in early 2018 when big American companies couldn’t help stop talking about the Trump tax cuts. Flush with the projected savings form a $1.5 trillion law, they promised to raise wages, hand out bonuses to workers and invest in big projects. They scored […]

TAX RECORDS & DISASTERS

Tax records & disasters. Tax records are vital if you want to recover from a Natural Disaster. I know, as I have spoken to dozens of victims of natural disasters over 28 years in the Tax Resolution Services industry. One common denominator among all of those victims is this, the taxpayers who planned ahead, and […]

ROTH 401K FOR IRS TAXES

Roth 401k for IRS taxes. If you are looking forward to a retirement spent paying hefty tax bills, a trend called the Roth 401 K has developed to help buy your ticket to happiness. Once you turn age 70 and a half, you are forced to start taking money out of your retirement plan, the […]