Hiring independent contractors instead of W-2 employees can save you a lot of money. How? By letting you avoid paying Social Security and Medicare taxes, state unemployment compensation insurance, workers’ compensation insurance, and more. But be careful! If the IRS conducts an employee classification audit and finds that your independent contractors are really … [Read more...]
Warning! The IRS is using private debt collectors
If you owe back taxes and you have not heard from the IRS in a while, that could change. Under a new law, the IRS must turn over certain delinquent tax debts to private collection agencies. And you know that those agencies know how to turn up the heat! Want to learn how to avoid dealing with a collection agency and protect all your rights? Don’t miss my new article … [Read more...]
Buying a business? Due diligence is critical
Buying a new business can be extremely risky. That’s why, before you sign on the dotted line, you should conduct an in-depth due diligence review. Whether you’re going to arrange for an asset purchase or an ownership interest purchase, a careful due diligence review can help you avoid exposure to liabilities, known and unknown. Want to avoid after-the-purchase … [Read more...]
Pay your taxes or lose your passport!
Planning a trip abroad? Well, before you start packing, make sure you don’t owe more than $50,000 in unpaid federal taxes. You see, if you have what the IRS calls “seriously delinquent tax debt,” Uncle Sam can and will revoke your passport. Ouch! Want to learn how to avoid problems and have a bon voyage? Read my new article titled Tax Tips: Unpaid Taxes? Goodbye … [Read more...]
Settle your tax debt for less than you owe!
Do you owe Uncle Sam taxes for 2016, prior years, or a combination of both? Well, under some conditions the IRS may let you settle your debts for less than you owe. Nice! This is made possible thanks to the IRS’s “offer in compromise” program. Want to learn more about how to get Uncle Sam to show you some mercy? Easy! Read my new article titled Tax Tips: Yes, You Can … [Read more...]