Small and medium-sized businesses face unprecedented challenges in 2020. If you have also received notice that you owe back taxes to the IRS, it may feel like the burdens are getting too big to shoulder. The IRS reports that more than 8 million Americans owe over $80...
Categories
- Blog (11)
- Blog1 (10)
- Business And Real Estate Transactions (10)
- Chapter 7 (2)
- Income Taxes (10)
- IRS (11)
- Offers In Compromise (1)
- Payroll Taxes (5)
- Prenuptial agreement (1)
- Probate And Estate Planning (11)
- Property Taxes (8)
- Tax Audits And Appeals (10)
- Tax Law (11)
- Tax Planning (10)
- Uncategorized (151)
Archives
- January 2021 (1)
- October 2020 (1)
- August 2020 (1)
- July 2020 (1)
- May 2020 (1)
- July 2019 (2)
- May 2019 (2)
- April 2019 (6)
- March 2019 (5)
- February 2019 (6)
- January 2019 (6)
- December 2018 (4)
- November 2018 (5)
- October 2018 (5)
- September 2018 (4)
- August 2018 (5)
- July 2018 (5)
- June 2018 (6)
- May 2018 (5)
- April 2018 (5)
- March 2018 (6)
- February 2018 (5)
- January 2018 (5)
- December 2017 (5)
- November 2017 (5)
- October 2017 (6)
- September 2017 (5)
- August 2017 (7)
- July 2017 (5)
- June 2017 (5)
- May 2017 (6)
- April 2017 (6)
- March 2017 (6)
- February 2017 (2)
- January 2017 (6)
- December 2016 (6)
- November 2016 (5)
- October 2016 (5)
- September 2016 (5)
- August 2016 (5)
- July 2016 (3)
- June 2016 (6)
- May 2016 (6)
- April 2016 (6)
- March 2016 (4)
- February 2016 (2)
- January 2016 (1)
- December 2015 (4)
- November 2015 (2)
- October 2015 (4)
- September 2015 (2)
- August 2015 (3)
- July 2015 (2)
- June 2015 (3)
- May 2015 (4)
- April 2015 (4)
- March 2015 (3)
- February 2015 (2)
- January 2015 (2)
- December 2014 (2)
Recent Posts
Americans feel obliged to pay taxes
On behalf of Mockensturm Limited | Mar 11, 2019 | Tax Law
The IRS has seen its’ staff size shrink, which has led to a mere .6 percent chance of a taxpayer audit. There is a President of the United States who brags about how little he pays in taxes. Nevertheless, the IRS’s annual survey says that Americans not...
Important info on tax refunds and payments
On behalf of Mockensturm Limited | Feb 28, 2019 | Tax Law
Once we go through all the headaches of putting our taxes together and filing them, the next step is hopefully waiting for the refund to come. That can seem like an excruciating wait, particularly if there is a spring vacation that would be much more fun with that...
IRS will not penalize miscalculations that come close
On behalf of Mockensturm Limited | Jan 22, 2019 | Tax Law
The 2019 tax season is going to be one of the most confusing and frustrating in memory. The combination of using the new guidelines set out in 2017’s Tax Cuts and Jobs Act as well as the government shutdown impacting all non-essential workers in the Treasury...
Small businesses looking for answers on new tax law
On behalf of Mockensturm Limited | Jan 14, 2019 | Tax Law
Countless small business owners will be looking for answers revolving around the Tax Cuts and Jobs Act that need to be addressing during the 2019 tax season. Many are trying to determine if they legally qualify for a 20 percent exception of their income. Despite the...
Government gets first conviction using FATCA
On behalf of Mockensturm Limited | Sep 26, 2018 | Tax Law
The Foreign Account Tax Compliance Act (FATCA) requires foreign financial institutions to indentify U.S. taxpayers and report information about their financial accounts. The primary aim was to prevent taxpayers from using foreign accounts to commit federal tax...
New York Attorney General investigates Trump foundation
On behalf of Mockensturm Limited | Jun 15, 2018 | Tax Law
The New York State Attorney General Barbara D. Underwood has filed a lawsuit on June 14 against the Donald J. Trump Foundation and its directors, including the president and his three eldest children, Donald Jr., Eric and Ivanka. According to the New York Times, the...
What should I do if I missed the tax deadline?
On behalf of Mockensturm Limited | Apr 26, 2018 | Tax Law
Try as they might, many taxpayers do not make the tax deadline on time. The reasons can vary: A busy schedule, a family crisis or simply forgetfulness. No matter the excuse, every year many Americans fail to submit their returns by the date mandated by the Internal...
10 important things to know about the new tax law, part 2
On behalf of Mockensturm Limited | Feb 2, 2018 | Tax Law
Now that tax season has begun, it is more important than ever to understand the relevant points of the recently-passed tax overhaul. Last week, our blog examined five significant piece of information from the new tax reform. This week, we will conclude our examination...
What you should know about filing taxes for 2017
On behalf of Mockensturm Limited | Jan 23, 2018 | Tax Law
It's never too early to think about taxes. Sure, there are plenty of things that are much more pleasant to think about, like root canals or traffic jams. But getting a jump on your 2017 taxes is a great idea--the sooner you finish them, the sooner you can relax.Going...