What are current rules for tax reporting for online sales?
The Internet has created the possibility for nearly anyone to become an online seller of wares. And it should come as no surprise that tax collectors at state and federal levels have an interest in tracking and recovering all the tax revenue such sales may be...Settlement may be an option for those with federal tax debts
Many individuals who owe a substantial amount in back taxes are also facing significant financial difficulties, as financial troubles are one of the more common reasons for a person to initially fall into a tax debt. Facing both a large federal tax debt and financial...Mistake or not, IRS may be the final arbiter of your motivations
Last month, we wrote about the distinction between “fraud” and “negligence” when it comes to your taxes. In other words, this is the difference between an honest mistake and an inaccuracy that you might have made on purpose – particularly...Report on IRS search and seizure process: It’s broken, so fix it
A federal law requires that an individual — often a business owner — attend to more than a modicum of paperwork following any bank deposit that exceeds $10,000. Such has been the case for a number of years, the rationale for the requirement being the...
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