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What is the CP40 IRS Notice?

Not everything sent to you from the IRS is bad news. However, if you get a CP40 IRS Notice, then you need to pay attention as it shouldn’t be taken...

What is the IRS Form 1065 - Schedule K1

IRS Form 1065 is a tax document provided by the Internal Revenue Service (IRS). It is used to declare the profits, losses, deductions, and credits of...

How to Avoid Single Member LLC Tax Errors

A limited liability company (LLC) is created by many taxpayers to receive more protection from the federal government. A single member LLC is the sam...

Guide to Trucker Tax Reporting

Truck drivers have an underappreciated job in America. Practically every consumer relies on truckers to deliver food and other products to their loca...

What is the IRS Form 1040-V?

There are one of two outcomes each year when you file income taxes. You either owe the federal government money or they owe you a refund. While it...

Can the IRS Seize My Business?

Small business owners (SMBs) put in countless hours at work to make sure they succeed. As an owner, you work extremely hard for your business, so nat...

Can I Make Partial Payments to the IRS?

Every year, you take the time to make sure your tax return is accurate and filed by the deadline. Then reality hits. You discover you owe the IRS a s...

Can Indiana Issue a Warrant for Unpaid Taxes?

Dealing with unpaid taxes has the potential to cause major headaches. You not only have to worry about the Internal Revenue Service (IRS), but also t...

Top 5 Tax Filing Issues for Lawyers

December 31, 2019 will mark the end of the decade. It is also the final day for many small law firms to close their financial books for the year. The...

7 Most Common Impacts on Individuals from the Trump Tax Changes

The Tax Cuts and Jobs Act officially went into effect in 2018, leaving many taxpayers laboring to learn new tax code before the deadline. After April...

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7 Most Common Impacts on Individuals from the Trump Tax Changes

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