Recently, Internal Revenue Service Revenue Officers (i.e., collection representatives) were directed to assess the Trust Fund Recovery Penalty pursuant to Internal Revenue Code Section 6672 faster and get more aggressive in the collection of those taxes from delinquent taxpayers. Internal Revenue Code Section 7501 requires employers to withhold and pay income and FICA taxes from...Read More
It is hard to believe we are entering the fourth quarter of 2013. Before we know it, year-end will be upon us. Thus, it is time to take a quick look at some tax planning issues for 2013 and what may lie ahead for us in 2014. For 2013, business owners need to remember that...Read More
Business owners decide to sell their businesses for a variety of reasons. Typical reasons to sell may involve a desire to capitalize on their investment and hard work, a desire to retire, or possibly because the business has not been as profitable or enjoyable as the owner had initially desired. No matter the reason for...Read More
The attached articles were written based on the state of the law as of the date written. The authors of the attached articles assumes no responsibility to update the content of the articles as a result of any changes in the law. Anybody reviewing the attached articles should consult with the authors of the articles, or their professional tax or legal advisor to verify the current status of the law as it relates to their own personal transactions.
