Insights

WARNING!!!.. Payroll tax liability = personal liability.


November 15th, 2017

ARE YOU PERSONALLY LIABLE FOR THE PAYROLL TAX DEBT OF YOUR BUSINESS? In order to answer this question, let’s talk a little about employment or payroll taxes. Any business that uses employees, must withhold certain taxes from an employee’s paycheck every pay period. The taxes withheld are .....

The Difference Between a Lien and a Levy


August 8th, 2017

While the IRS uses both a lien and a levy as tools to go after taxpayers who owe tax.....

How to Avoid Red Flags for an Audit


July 11th, 2017

The information in your personal tax return is critical in determining whether the IRS may choose to audit your return. One .....

If You Don’t Pay Your Employment Taxes, Jail Time Is A Real Possibility


June 15th, 2017

Employers are required to withhold federal income tax, Medicare and one half of social security taxes from their employees.....

What Should I Do When the IRS Contacts Me?


May 16th, 2017

The IRS can send you a notice for a number of reasons. Many of these notices are just informational and don’t need a response from you. For example, a notice telling you that your refund for 2016 has been applied to a tax debt you owed for 2012. Here, we will discuss those notices that req.....