While everyone knows that federal income tax returns are due on April 15 yearly, the Internal Revenue Service (IRS) imposes several other deadlines throughout the year. For example, there are quarterly payment deadlines, extension deadlines, retirement-related...
While full-time employment is the standard, the gig economy has gained momentum over the last several years. If you are considering whether going into business for yourself is the right decision for you, you must understand the tax implications and responsibilities...
Whether you’re a W-2 employee, a 1099 worker, or a business owner, you will need to pay taxes. Working with a tax professional can help ensure your taxes are prepared correctly — and you minimize your tax. However, you must still actively participate in the process...
A divisive Type D reorganization is a type of tax-free or tax-advantaged corporate reorganization allowed under the United States Internal Revenue Code that lets companies change their structure without incurring immediate tax consequences. With a Type D...
https://player.vimeo.com/video/910854165?badge=0&autopause=0&player_id=0&app_id=58479 How Long Do I Have to Hold My Tax Returns? Well, like any good tax lawyer, I will answer you with, it depends. The normal statute of limitations to hold a tax return is...
The Internal Revenue Service (IRS) has several collection mechanisms it uses to collect unpaid taxes. Among these are tax liens and tax levies — both of which can hurt a taxpayer. However, understand that liens and levies are fundamentally different. While a lien is a...
