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What would you do if we told you that you could eradicate back taxes owed to the Internal Revenue Service (IRS) and get you back to being debt-free? ...

What Is Form CP504 from the IRS?

It is the duty of every U.S. citizen to file and pay their taxes each year. Taxes provide funds for critical government infrastructure and services. W...

Tax Preparation and Accounting for Dentists

Dentists are vastly under-appreciated in the medical community. They serve an incredibly important need; good oral health is considered fundamental to...

Has the IRS Paused Sending Notice of Liens?

As part of the IRS People First Initiative, the agency has temporarily suspended sending notice of liens. The IRS announced its People First Initiativ...

What Is Tax Debt?

Tax debt refers to taxes you owe to the IRS and have yet to pay in full. The Internal Revenue Service (IRS) has filing deadlines every year for retur...

How Will Taxes Change in 2020 for 2019 Returns?

Every year, it’s crucial to monitor tax changes and other relevant information so you or your business can prepare accordingly. Last year was signi...

Does a Company Still Owe Back Taxes If It Goes Out of Business?

Every business has dreams and aspirations of making it and succeeding. Unfortunately, the other reality of starting your own business is there may co...

What Are the Changes to IRS Section 179?

Businesses rely on property and machinery for day-to-day operations. Thankfully, business owners who purchase property for business use can claim tax...

How to Qualify for IRS “Currently Not Collectible” Status

The IRS reports that nearly 30 million taxpayers file a return each year and owe taxes. The majority of taxpayers are capable of covering the tax deb...

How Do I Account for Self-Employment Taxes on Schedule K1 Income?

Schedule K1 is provided on IRS Form 1065 for taxpayers to report self-employment taxes related to a business partnership. Schedule K1 assists busines...

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How Do I Account for Self-Employment Taxes on Schedule K1 Income?

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