Category Archives for BUSINESS TAXES

Can Bankruptcy Solve Tax Problems?

  • July 30, 2020

Bankruptcy may be a popular remedy for towering balances on credit cards, getting houses out of foreclosure, and eliminating enormous medical bills. But bankruptcy can be used for more than that; it can

Read More

Avoiding Tax Debt with PPP Loans

  • July 28, 2020

The Paycheck Protection Program (PPP) loans are a popular option for businesses struggling due to COVID-19, but understanding the tax obligations associated with them can be confusing and challenging,

Read More

Planning for Tax Changes for the 2020 Tax Year

  • June 26, 2020

We Americans will have a long menu of tax changes for the 2020 tax year...and it's never too early to start thinking about managing next year's return. And there's a lot of good news.Just a few months

Read More

Coronavirus Tax Breaks Businesses can Take Advantage of Now

  • June 25, 2020

The IRS recently rolled out three new coronavirus tax breaks for businesses aimed at helping them through the coronavirus pandemic. As businesses and individuals across the country have been hit hard

Read More

If You Owe, You Can Delay Paying Taxes, But You Still Must File on Time!

  • March 18, 2020

Many are asking if they still have to file on time if I owe taxes, in the midst of the COVID-19 outbreak. As a response, the Trump administration just announced $300 billion in tax deferrals as part of

Read More

What If You Can’t Afford to Pay the Taxes You Owe?

  • February 14, 2020

Maybe you've just finished preparing your tax return and you find that you owe the IRS a large sum, but you can’t afford to pay it. Are you going to jail? Probably not. The realization that you can’t

Read More

The Most Common Tax Problems for 2020

  • February 14, 2020

Now that the 2020 tax season is upon us, taxpayers — and their advisors — should proactively consider some of the challenges that they will likely face with common tax problems.While it’s been more

Read More

Choosing to File for Financial Hardship

  • January 10, 2020

When you're dealing with financial hardship, just making ends meet throughout the month is a challenge, and it's likely you wouldn't be able to add another payment into your budget. That said, when you

Read More

Congress Ends 2019 Passing Last-Minute Tax Changes

  • January 10, 2020

In the eleventh-hour of 2019, the House passed a $426 billion tax cut plan that would revive a hodgepodge of benefits known as extenders, kill a controversial tax on church parking, rescind several Obamacare

Read More

Misperceptions & Mistakes About IRS Offer in Compromise

  • December 18, 2019

The IRS Offer in Compromise program is a terrific opportunity for taxpayers to get a fresh start by wiping away their tax debt.  However, it is not without its drawbacks. There is a lot of misinformation

Read More