The business owes back taxes. The business can not pay all the back taxes today. However, you could pay back the taxes over time. You can request a Business IRS Installment Agreement.
IRS Payment Plan
You owe back taxes. You can not afford to pay all the taxes now. IRS Payment Plan may be an option available.
IRS Relief Innocent and Injured Spouse
You and your spouse file a return together. Both of you will be responsible for the taxes. This is true if your spouse caused a tax problem. What can you do? Two IRS Relief options are Innocent Spouse and Injured Spouse.
IRS Audit How to Survive
Your return was selected for IRS audit. Your heart dropped. The thought of dealing with the IRS is scary. You have nothing to hide. You want the IRS audit over as soon as possible. Your plan is to freely provide whatever information the auditor requests. Auditors are trained on interrogation techniques. The auditor will encourage you to talk about your tax return and personal finances. Talking freely about your personal finances may be to your detriment. This may give the IRS the necessary information to add income or disallow write offs.
Continue reading…
Livingston County Digital Magazine Article
Owner of FindUsLivingston.com asked ALG Tax Solutions to write an article for the new Livingston County Digital Magazine. We graciously accepted! We wrote an article on how to survive an IRS tax audit. Check it out. The article is on page 16.
You can read more on tax audits here.
Quote of the Month – September 2013
The difference between a warrior and an ordinary man is that a warrior sees everything as a challenge, while an ordinary man sees everything as a blessing or a curse. Don Juan
Quote of the Month – August 2013
Not only is the Universe stranger than we think, it is stranger than we can think. Werner Heisenberg creator of the Uncertainty Principle
Independent Contractor versus Employee – How to Classify
It is additional work and more expensive to maintain a staff of employees compared to hiring independent contractors. But there are strict rules on determining a workers status. The courts analyze 7 factors to determine the classification of workers. The 7 factors are used to determine the degree of control and independence.
Independent Contractor versus Employee – Cost Differences
We reviewed the different filing requirements for treating workers as independent contractors compared to employees. Next we will review the cost differences between the two classifications. Continue reading…
Independent Contractor versus Employee – Filing Requirements
A common decision to be made for small businesses is whether to treat workers as employees or independent contractors. There are both legal and tax considerations for the treatment chosen. We will review the tax considerations for treating workers as independent contractors versus employees.