Can you settle tax debt? It does not seem possible. Why would the IRS accept less than what is owed?
The IRS will settle tax debt and accept less than owe. You must qualify.
Tax Help Solutions – Top 10
You are in a stressful tax situation. You do not know what to do and you’re overwhelmed. You are not beyond tax help. There are many people dealing with tax problems. There is a solution. Read these pages to find out more on possible tax help solutions available to you.
Currently Non-Collectable
Currently Non-Collectable status is for taxpayers that are unable to pay back taxes. The IRS back taxes will not go away. You will still owe the taxes. However, due to your financial condition, the IRS will not try to collect the back taxes.
Business Tax Resource
Business Tax Resource
Starting a new business or own a small business? Do you know what you can write-off? The IRS offers guidance that every business owner should read once.
Business IRS Installment Agreement
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 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.
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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.