Mar 22, 2022
Why do so many successful business owners have tax issues? Entrepreneurs at the beginning wear so many hats. They are doing the actual work, getting the clients, doing the sales and marketing, hiring people, serving as the HR department, doing inventory, getting supplies, materials and MANY MORE. With all these tasks at...
Mar 15, 2022
Why do many real estate agents have tax problems? There are several reasons why they find themselves behind with their books. They mostly file 1099s for commissions, referral fees and other compensations, and it will take much attention for them to get organized, be careful with deductions and file their returns.
As...
Mar 11, 2022
Does New York State have an Offer in Compromise program like the IRS? YES, the State can provide financially distressed taxpayers with the chance to settle their tax debt once considered eligible. According to the NYS Dept. of Taxation and Finance, the following taxpayers can qualify to apply for an offer in...
Mar 1, 2022
What are the main causes of an IRS audit?
First and foremost, the IRS looks for out of line factors. They can be based on industry standards, income-based standards or even based on your area. So if they think your deductions are too high for your business, are too high for your income, or if they believe that you're...