Business Services
« Previous EntriesTougher IRS Regulation on Worker Misclassification
Saturday, October 1st, 2011Last week the IRS announced a new program aimed at business owners that requires reclassification of independent contractors as employees. I discussed the IRS New voluntary Worker Classification Settlement Program, which is particularly relevant in the case of small business owners, in detail last week.
The IRS is dedicated to tougher regulation on misclassification as the number of [...]
Former Banker Guilty of Helping Americans Evade Taxes With Foreign Accounts
Tuesday, August 9th, 2011I recently came across an interesting article on Bloomberg regarding a former banker charged with assisting consumers evade taxes by hiding funds in foreign offshore accounts.
I mentioned this case of tax evasion on my Tax Resolution University blog earlier this week. Martin Lack who is a former banker at UBS AG and independent investment adviser was [...]
Tax Help Tips for the Self-Employed, Small Businesses and More
Wednesday, June 29th, 2011If you own a small business or a self-employed, check out these quick tax tips as well as some general advice for filing your tax returns. It’s never too late to learn these great tax-filing habits!
Home-based businesses – protect your business against an IRS audit by tracking your expenses. Save a copy of all business [...]
Tax Help: Year Round Tips for Good Tax Practices
Monday, June 20th, 2011It’s never too late to start practicing some tax self-help. Keep yourself on top of your taxes by adopting these great tax tips year round:
Good Record-Keeping – get yourself organized and make some room in your wallet! Keep track of your receipts by using credit cards and checks for expenses. Or go the extra mile [...]
Tax Resolution University Ranked In 2011 Top 50 Tax Blogs
Sunday, April 10th, 2011I’m very happy to announce that my other blog, Tax Resolution University has been listed as one of the 50 best tax blogs of 2011 on the web! TaxConnnections ranked the blog as one of the Top 50 Tax Bloggers under ‘Individual Tax’. A few of our tax blogger friends also made the cut! Congratulations to The [...]
Tax Help News: BNET Features Tax Relief Expert Sharing Tips For Business Owners to Stay Out of IRS Trouble
Tuesday, March 15th, 2011Recently I shared a great blog post on Tax Resolution University discussing various ways in which business owners can avoid serious IRS problems.
In the blog post, I address the popular topic of what not to do in order to prevent IRS audits in a time when the IRS has more resources to come after consumers [...]
New IRS Tax Lien Changes Don’t Guarantee Tax Relief
Saturday, March 12th, 2011You may have heard that the IRS announced recent changes to the tax lien process. I recently wrote about these changes on the Tax Resolution University blog and expressed my views on these changes.
In our unstable economy, there are some 25 to 30 million taxpayers and growing who are facing IRS problems. News that the IRS [...]
Tax Return Tips for the Self-Employed
Thursday, February 10th, 2011I recently mentioned a report from the Wyoming Business Journal on my other blog, the Tax Resolution University blog, about Tax Return Tips for Self-Employed: Changes for 2010 Tax Returns. The Wyoming Business Journal posted this report on how the self-employed face tax changes on 2010 returns. So if you are a self-employed professional, you should be [...]
IRS Tax Audits – What You Should Know
Tuesday, February 1st, 2011IRS Tax Audits can be tricky – remember they are not in your favor. The IRS chooses returns for audit that have the greatest potential for further tax to be collected. The IRS can audit you in several ways, including by mail, in their offices or in your office or home. A good indication of [...]
IRS To Audit Businesses for Unpaid Payroll Taxes and Worker Misclassification
Sunday, January 30th, 2011The January 31st deadline for filing Form 1099s (independent contractors) is just around the corner. Worker status is a major target on the IRS radar this year.
Why would the IRS care how a business owner classifies workers? The simple answer is that tax burden on the owner changes dramatically depending on how a worker is [...]