State Taxes: Are They All the Same? The short answer is NO. Each state has strict tax laws that we must follow, but the types of state taxes vary significantly from state to state. However, all state taxes are some combination of the following types of taxes collected: state income taxes, property taxes, and state […]
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read moreWhat is Tax Evasion? Tax evasion is a felony for the willful attempt to evade or defeat the assessment or payment of taxes, which could include intentionally misleading the Internal Revenue Service (IRS). The crime generally involves overt or hidden illegal actions to avoid paying the taxes you owe, like, for example, transferring money to […]
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read moreTax Resolution Agreements: Understanding Penalties and Interest Federal tax law in the United States is complicated, and it can be difficult for even seasoned tax professionals to stay on top of these laws as they change nearly every year. If you have a more complicated tax situation, such as owning a small business, multiple income […]
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read moreWhy Would the State Revenue Department Send Me a Notice? With millions of households and businesses filing for taxes every year, some questions or errors are bound to be made. If you have received a notice from your state’s revenue department, it could be for a myriad of things. This article will discuss some of […]
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read moreThe last thing you want to receive in the mail is a notice of a tax audit from the IRS. The more you read, the more concerned you’ll become with your future. While this is a scary time in your life, it doesn’t have to be. There are steps you can take to better understand […]
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read moreFor most people, the IRS is only a concern during tax season. However, if you have underpaid your taxes or made a calculation error, you may be hearing from the IRS or your state or local revenue agency at another time. This can be a stressful experience, especially if you don’t currently have the money […]
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