Tax

How Long Does the IRS Have to Collect Back Taxes?

How Long Does the IRS Have to Collect Back Taxes?

If you owe the Internal Revenue Service money and are wondering “how long does the Internal Revenue Service have to collect back taxes,” you may be relieved to know that you won’t have to carry the burden forever. Just a very, very long time.  The Internal...

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Tax Emergencies on the Day Before Filing

Tax Emergencies on the Day Before Filing

One of the tests of leadership is the ability to recognize a problem before it becomes an emergency. -- Arnold H. Glasow Like many native New Yorkers, my mom moved to Florida once she reached a certain age, and I annually round up the family and drive south to visit...

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Tax Issues When Starting Your Business

Tax Issues When Starting Your Business

“With great power there must also come great responsibility.” – Ben Parker As you begin plotting what type of business yours will become, it’s good to look at how different structures will dictate what types of taxes you will pay and how high they could be. The...

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It’s Always Election Season: 83(b)

It’s Always Election Season: 83(b)

“The wages of sin are death, but by the time taxes are taken out, it's just sort of a tired feeling.” ― Paula Poundstone There are various ways employees and freelancers can be paid. Sometimes, particularly when small businesses are concerned, people are not paid by...

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Oh no! My taxes are due today!

 Oh no! My taxes are due today!  “When I wake up in the morning, I feel like a billionaire without paying taxes.” -- Ernie Banks, Hall Of Fame Chicago Cub Calm down. It’s Emancipation Day in Washington, D.C. today. Taxes are due on Monday, April 18th.

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