96% Average Client Savings

Employee vs Independent Contractor?

Submitted by admin on Mon, 8/30/2010 - 12:00 am

Most small business owners often wonder if they can hire someone as an “independent contractor”, or should they be an “employee”. There are obvious benefits from a tax perspective to hiring an “independent contractor”, but be careful, many small businesses...


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IRS Collections Stance on Economic Hardship

Submitted by admin on Fri, 8/13/2010 - 12:00 am

It is well known that the IRS Appeals will issue unfavorable determinations on over 46% of all Tax Levy CDP (Collection Due Process) cases when a taxpayer is not in compliance with filing all of their tax returns, regardless of...


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Taxpayers Rights Being Violated Says TIGTA

Submitted by admin on Wed, 7/28/2010 - 12:00 am

July 9th, 2010, the Treasury Inspector General for Tax Administration (TIGTA) announced that immediate actions are needed to protect taxpayer rights regarding IRS tax liens. When the IRS files a notice of Federal Tax Lien, they MUST notify the taxpayer...


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Tax Evasion and Tax Protestors

Submitted by admin on Mon, 7/26/2010 - 12:00 am

There is a somewhat known circle in the US of individuals trying to skirt the validity of “income tax” by attempting to justify a legitimate way to evade income taxes. One of the well known arguments is the belief of...


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Basic IRS Rules of Engagement

Submitted by admin on Wed, 6/30/2010 - 12:00 am

First and foremost when dealing with the Internal Revenue Service (IRS) regarding any kind of tax resolution, begin every conversation with respect and small talk, show interest in them and respect for their job, as it is a thankless job...


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GAO Audit of IRS 2009 Financials Identify Errors

Submitted by admin on Wed, 6/30/2010 - 12:00 am

The US Government Accountability Office has issued its audit report to the IRS commissioner, Douglas Shulman, on June 28th, 2010. In this report, the GAO has found many interesting things, a few of which are: 1. The Internal Revenue Service...


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IRS Increases 1099 Filing Requirements

Submitted by admin on Thu, 6/24/2010 - 12:00 am

Effective for the 2010 calendar year, the IRS is requiring all Companies to issue a Form 1099 to any vendor of services or rental property to which the business has paid more than $600. Currently, 1099s are issued only to...


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IRS to Tax Tanning Service Providers

Submitted by admin on Thu, 6/17/2010 - 12:00 am

The IRS just issued a regulation that will go into effect on July 1, 2010, requiring all tanning service providers to collect and remit to the IRS, a 10% tax on their services. This tax seems right inline with the...


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