Comprehensive Tax & Legal Solutions
Individuals and businesses often seek creative solutions to alleviate their financial burden when dealing with tax obligations. One such option is the offer in compromise (OIC), a program administered by the Internal Revenue Service (IRS). An offer in compromise is a...
Seeing a letter from the IRS is frightening. Many people set them aside without fully reading or understanding them, sometimes out of anxiety that isn’t easily managed. However, ignoring a notice from the IRS can be a major mistake. People familiar with the most...
Running a successful business is incredibly expensive. Thankfully, the Internal Revenue Service (IRS) does allow business owners to deduct certain expenses from their company's gross income when preparing an income tax return. Business owners can use deductions for...
Navigating the labyrinth of U.S. tax laws and regulations can be daunting, partially because the risk of being subjected to an IRS audit looms large for many taxpayers. While the IRS audits only a small percentage of tax returns, certain red flags may increase the...
Life is unpredictable, and circumstances can change instantly, leaving you unable to manage your financial affairs. Having someone trustworthy to handle your finances if you become incapacitated is critical. A financial power of attorney is a legal document that...
The passage of the Corporate Transparency Act (CTA) in 2021 is changing how businesses operate. The CTA creates new obligations for corporations, limited liability companies (LLCs) and limited liability partnerships (LLPs). Specifically, organizations will now need to...
The mere thought of a tax audit by the Internal Revenue Service (IRS) can evoke feelings of anxiety and uncertainty, even for the most conscientious taxpayers. These audits involve thoroughly examining a taxpayer's financial records and tax returns, and they can be a...
Running afoul of the Internal Revenue Service (IRS) is anathema to most business owners. The government can be quite ruthless when coming after companies for their money. In fact, simply being late on these payroll tax payments can incur financial penalties. But stuff...
Smaller businesses in the Toledo area provide services ranging from HVAC repair to retail shopping opportunities. Many of those businesses employ either an LLC or a corporate structure, as these structures afford members and stakeholders personal liability protection...
There are countless opportunities to make major mistakes in the early stages of business development. People often assume that they can start a company without any professional support and then end up diminishing their protection or increasing their personal liability...