Cannabis: Taxation Controversy & Confusion
Cannabis, Marijuana, Weed, Pot, Mary Jane - a rose by any other name is still a rose. No matter what you want to call it, the industry surrounding this drug faces many uphill battles. It does not…
What Happens if You Don’t Pay Estimated Taxes?
If you’ve had a big tax debt at the end of last year, your Enrolled Agent may have talked with you about paying estimated taxes, especially if you are self-employed. Hopefully, your eyes didn’t roll…
Now What? I Got a CP523 Notice from the IRS. Help!
A CP523 notice will not be the first time you’ve dealt with the IRS. In fact, you need to first have an installment agreement with the IRS in order to receive one. It is a cause for concern,……
Private Collectors and Other Problems Outside the IRS
Third time is a charm… or a nightmare? One year ago the IRS reinstated a program allowing private debt collectors to pursue delinquent taxpayers. This is nothing new – in fact, it was tried twice…
Attention Business Owners: Payroll Taxes Can Trip You Up In a Hurry
Being late on your income tax is one thing. Payroll taxes are an entirely different story, however. Although I may not want to hear it, I’ve had so many new clients tell me they haven’t filed income…
Now What? I Got a CP71 Notice from the IRS. Help!
There it is… a plain white envelope with an IRS return address. This seemingly innocent piece of mail is right there in your mailbox, mixed in with your bills and a pile of junk mail. When you open…
Tax Scam Alert: 434 Area Code Tax Scam Calls Make the News in Ohio
On Monday, August 6 the news hit the WKBN website. In Broadman, Ohio, police were warning of a tax scam besieging the area. Twenty-five calls on one Monday morning will definitely raise the red flag.…
Now What? I Got a CP49 Notice from the IRS. Help!
You diligently complete and file your tax return… to your delight, you’re getting a refund! You are excited when you see the IRS envelope show up in your mailbox. At last, your money is here! Now you…
Can You Really Start Over and Get a Second Chance? Bankruptcy: The Final Frontier to Get Clear
Can you declare bankruptcy and be clear of your tax debt? The simple answer is: Yes and no. Theoretically, you can have your tax debt discharged in bankruptcy. There are cases where the IRS code…
