How A Scottsdale Tax Lawyer May Help You Get an IRS Offer in Compromise Not everyone who owes money to the IRS is a cheat who is trying to get out of their obligations. Some people don’t pay because they can’t. They fall behind, and then their financial troubles are compounded by an audit from … Read more
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DEALING WITH UNFILED EMPLOYMENT TAXES Taxes can take a big chunk out of your profits. You might dread the filing of your quarterly employment taxes knowing that you are going to have a big tax bill that you simply cannot pay. Instead of working with a Utah tax lawyer, you might try to avoid the … Read more
Form 8300 and Your Car Dealership’s Reporting Requirements Any car dealer in Arizona that receives more than $10,000 in cash in a single transaction or related transactions must complete a Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business. Form 8300 is a joint form issued by the Internal Revenue … Read more
Avoiding Unintentional Structuring of Cash Transactions Structuring is a strategy used by businesses that are attempting to evade taxes by hiding large amounts of cash. With structuring, companies deposit smaller amounts of cash to avoid automatic reporting by the bank to the government. When you make a cash deposit of more than $10,000, the bank … Read more
How to Avoid Worker Misclassification Issues Running a business is no small feat. There are a myriad of laws, regulations, and restrictions to observe and follow, and it is easy to overlook essential statutes. In recent years, worker misclassification has not only been on the rise, but also made its way up on the IRS … Read more
Top 3 Stages of Tax Defense in Phoenix Arizona No one ever wants to get a letter from the IRS saying that they’re been audited, but it does happen – perhaps more frequently than you might think. If the IRS finds something suspicious in your return, you may even face a criminal investigation. If you … Read more
IRS Revised Guidelines Offshore Voluntary Disclosure Program On June 18, 2014, the IRS issued revised guidelines under the Offshore Voluntary Disclosure Program (OVDP). Under a new program called the Streamlined Domestic Offshore Procedure, if a taxpayer failure to file the foreign bank account record (FBAR) was non-willful conduct, which is defined as negligence, inadvertence, or … Read more