Comprehensive Tax & Legal Solutions
Navigating tax obligations can be challenging, especially if you’re already feeling financially constrained. Fortunately, the Internal Revenue Service (IRS) offers options for taxpayers who are able to make installment payments, providing a structured approach to...
Tax season might be over, but that doesn't mean you're safe from the IRS. Businesses of all sizes in Ohio can face tax audits, which can feel stressful and overwhelming. But don't panic! Here's a breakdown of what to expect and how to prepare if your business gets...
Tax planning is an important part of owning and running a business. By implementing strategic tax planning measures, businesses can enhance cash flow, improve profitability and better ensure compliance with relevant tax laws. Several tips that can allow you to more...
Many business owners and individuals fear an audit when doing their taxes. They are worried that they’re going to make a mistake and that the IRS is suddenly going to swoop in, looking for evidence of fraud and potentially handing out financial fines – or even making...
If you have heard of liens, levies and garnishments, you might feel like you’re stuck in a complicated mess. After all, the tax code is complicated and dealings with the IRS can seem even more so. It is important to understand what these mean, though, and to know how...
If you are facing collection action from the Internal Revenue Service (IRS), you need to take action. This is not a time for avoidance. There is typically a path to negotiation. The following tips can help you create a workable payment plan that will get you current...
An IRS tax audit is not anything a business person or individual wants to deal with. However, sometimes, an audit notice letter may arrive unexpectedly. This means the IRS has selected someone’s tax return for review. If this happens to you, there is no need to panic....
When the IRS conducts an audit of your tax return, it thoroughly examines your financial records and transactions to ensure accuracy and compliance with tax laws. After completing the audit, the IRS issues a report detailing its findings, which may include adjustments...
Tax laws and forms are complicated, especially if you’re a business owner. You understand that claiming deductions is a common practice to reduce taxable income and lower tax liabilities. However, if the IRS disallows certain business deductions during an audit or...
There are few experiences as intimidating as dealing with the IRS. The IRS can intercept your wages, seize or put liens on your property or even freeze your bank account. If you owe unpaid taxes, it is in your best interest that you figure out how to resolve the...