Let's resume our discussion of tax penalties and the possibilities for getting relief from them.
The IRS is much more apt to use sticks than carrots to encourage tax compliance. And one of the most frequently used sticks is to hit you with tax penalties.
In the first part of this post, we began discussing some important things to know about taxes when you’re opening a small business.
As someone who would like to open a small business, you have probably gotten used to politicians' praising your job-creating virtues and promising to lighten your regulatory load.
You may have heard that Congress has directed the IRS to create a program to use private debt collectors for tax debt in certain cases.
Tax filing is a little bit like homework, in that it involves turning in information that meets certain requirements.
Let’s continue our discussion of how the sheer complexity of the tax code makes it difficult to stay in full compliance.
Uncle Sam is very serious about collecting income and employment taxes that are supposed to be withheld by businesses.
You owe taxes but you don’t have the money to pay them. What to do?
The filing deadline for federal taxes this year is April 18. That's exactly one month from now.