If it is your responsibility to collect and pay employment taxes, this article is a must-read. Each time you pay your employees, you are responsible for withholding a percentage of the pay for Medicare and Social Security contributions, also known...
Unfiled tax returns by individuals and businesses can lead to extreme consequences in both IRS and State tax situations. Many individuals and business owners don’t realize failing to file a tax return is a crime the IRS does pursue. The...
With the stimulus packages totaling more than $2.2 trillion ($2,200,000,000,000), the IRS has the responsibility and marching orders to collect an unprecedented amount of taxes to help fund this initiative. The result will be a greater need for taxpayers to...