The IRS has announced that the Tax Cuts And Jobs Act of 2017 provides more time for individuals and businesses to bring a civil action for wrongful levy or seizure. In an attempt to satisfy a tax debt, IRS levies permit the legal seizure and subsequent sale of any property, including vehicles, real estate and personal assets as well as bank accounts and wages.
What can you expect from an LLC when it comes to taxes?
One of the most popular types of business entity formed by entrepreneurs here in Ohio and across the country is the limited liability company. You may be considering this type of entity as well, but you want to know more before making your final decision.
Getting divorced? Make sure you know the impacts on your taxes.
If you’re going through a divorce, you’ve probably got a lot on your plate. Between the property division, the alimony payments and the child custody issues, your taxes are probably the furthest thing from your mind.
Freelancers May Get A Tax New Break
Tax law’s new 20 percent pass-through deduction may provide a break to the estimated 40 million gig economy workers and freelancers in the U.S. who work as sole proprietorships and partnerships. However, before everyone who fits into this category starts celebrating, there are important issues that need to be considered:
What if my parent dies without an estate plan?
When you were a child, your parents took care of you, including planning for your future. Now, it is your turn to do that for your parents. This is not always an easy transition for adult children.