Susan was part of a multi-member limited liability company (LLC) that had purchased a building in an underprivileged area. They were renovating it and hoping to turn a profit in the future. In their founding …
Tax Problems
Some individuals and businesses owe more tax than they have funds to pay in full. If you want to avoid the IRS from taking away your assets, they have installment plans that will allow you …
Owners of small businesses and sub chapter S-Corporations have often allowed profits to flow to the shareholders as distributions taxable at ordinary rates. The IRS is currently focusing on tax collection from small corporations. The …
Many clients who owe back taxes want to eliminate or negotiate a reduction in the amount owed. Such a negotiation is called an Offer In Compromise. This post will explain an offer in compromise and …
When starting any trip most people will look at a map, MapQuest or use their navigation system to find where they are going. Doctors will take blood and run tests to determine a patient’s health. …