Tax Matters - The Top Tax Defenders Blog

When you own and operate your own business, you are expected to be in control of every last detail. This includes filing and paying your business's taxes on time without fail. 

Owing back payroll taxes puts you and your business in jeopardy from the IRS. Rather than avoid paying what you owe, you can deal with this obligation effectively and in a timely manner by using any of the 12 ways to resolve unfiled payroll taxes. 

When you file for bankruptcy, you are required to get your finances in order before heading to court. Among other tasks, you are expected to be caught up with filing all of your tax returns. 

Your small business's cash flow takes a hit anytime you owe the IRS money. Avoiding a tax debt, however, can be as simple as knowing how and when to file your business's tax returns. By knowing what common small business tax mistakes to watch out for, you avoid having to pay the IRS any more money than what you legally and rightfully owe each year. 

Resolving a complicated tax matter can take skills and knowledge you do not possess. Instead of dealing with the IRS by yourself, you could get the matter handled quickly and to your satisfaction by retaining a tax lawyer. You can retain a good tax lawyer by realizing the benefits of his or her services and knowing what questions to ask before you hire one to represent you.

Filing your tax return each year may not be as simple or fast as you would prefer. You could actually make costly mistakes if you accidentally or purposefully leave out critical information. 

As a taxpayer, the idea of getting a big refund from the IRS each year may appeal to you. In your excitement, however, it is important for you to remain guarded before handing out your personal identification information. You can protect yourself from being taken advantage of by identity thieves during tax season and other times of the year by knowing what IRS scams to avoid.

Owing back taxes to the IRS threatens your finances and income. However, because of the FAST Act it can now put your ability to apply for or keep a passport in jeopardy. If you owe an IRS tax debt, you will benefit by learning if the FAST Act applies to you and how you can resolve your debt quickly to protect your passport. 

Sending your children to day camp or summer camp can be an expensive endeavor. Even so, you may believe you have no other option for child care if you are working or going to school full-time or on the lookout for new employment. 

Tax season is stressful enough without having to worry about incurring IRS penalties. The IRS does not randomly assess penalties on people's tax obligations.