So many Americans end up in a situation where we owe more to the IRS than we can afford to pay. Falling behind on tax payments to the IRS is something that millions of Americans have dealt with at one time or another. Owing money to the IRS can be very intimidating, but don’t ...
Each year, the IRS requires that you pay certain taxes as a business owner. Which types of taxes and which forms you’ll need to fill out will depend on your business type. For example, like we mentioned above, an LLC has a pass-through taxation clause, which another business type, the...
The article reports on the Internal Revenue Service (IRS) and the enforcement of levies on law firms whose lawyers fail to pay taxes on time. It discusses the case of a lawyer who owed the government taxes for over a decade. The lawyer was from a single-member LLC which only obtained ...
TurboTax Full Service Business is perfect for partnerships, S-corps, LLCs and sole proprietorships. Start for freePay only when you file Small Business taxes done right, with unlimited expert advice Get unlimited tax advice from live experts as you do your taxes and a final review before you...
I know, too early to ask. But Tax Day 2025 will be here before we realize it. The Internal Revenue Service deadline to file and pay any tax we owe is the regular April 15 date this year. It’s also Tax Day for most of thestatesthat collect income taxes from their residents, which...
Additional financial support has also come through direct stimulus checks provided by the federal government. According to the IRS, the more than 160 million stimulus checks sent to Americans will not be taxable, and they do not reduce the taxpayer's refund when they file for taxes. Individuals...
Note however that this filing extensiondoes notmean that you can pay any owed taxes late. These are still due by the mid-April deadline, or elsepenalties and interestwill start accruing. Another filing requirement for all US citizens and permanent residents, irrespective o...
Whether the Anti-Injunction Act’s bar on lawsuits for the purpose of restraining the assessment or collection of taxes also bars challenges to unlawful regulatory mandates issued by administrative agencies that are not taxes. Case Updates Supreme Court holds that a pre-enforcement challenge to ce...
Lom, Enerson, & Gunderson Tax Services, LLC also offers representation for taxpayers facing audits, tax collection actions, or tax appeals. An authorized representative can deal with the IRS on your behalf to deal with back taxes or other tax problems. In most cases, a taxpayer with an autho...
If you live in the 55 counties impacted (all counties in the state except Lassen, Modo, and Shasta), you don’t have to file your 2022 tax returns or pay any taxes due until the new November 16 deadline. You qualify for this extension if your address of record with the IRS is in ...