There is no longer any deduction for work related expenses you must carefully read your employer’s handbook to see if they offer a reimbursement program for job-related expenses like licenses, dues, uniforms, supplies, etc.
If you have a small business, the current odds of an audit are less than a few years ago, due to IRS staffing. However; a business on a Schedule C return is almost 3 times more likely to be audited...not considering obvious oversights and flag items. S Corp .2% Partnership .2%
When you bring your tax and consulting business to Jax-Tax...we'll need your tax transcript to really get to know your situation. Jax-Tax will have you sign an authorization to do it for you on form 8821 or you can get it ahead of time at the link
Let's set up a time to meet, go over things, and relieve your apprehension! email@example.com
If you get timely representation, you may get to stall a tax levy. You have 30 days to respond in a timely manner by filing a form 12153, (Form 12153-Request for a Collection Due Process, (CDP) or Equivalent Hearing). This form is to request a hearing with the Office of Appeals. You would
Most firms charge at least $50 to reproduce your tax return copies and will not reproduce copies of your original source documents. This is also the policy at Jax-Tax
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability, or doing so creates a financial hardship. The IRS considers your unique set of facts and circumstances namely: -Ability to
Biggest Household Employee catastrophy: ***It all starts with a lack of Worker's Comp insurance. Common Mistakes in Hiring a Household Employee: 1. Classifying a household worker as an independent contractor 2. Omitting or filing incorrect tax forms 3. Failing to pay taxes properly 4. Ignoring