A court ruling from December of 2012 could result in many small business investors in California owing large sums of money in back taxes from a practice now deemed unconstitutional. Five years ago many small business investors in California were promised a tax break. The investors were told that if they invested in specific types […]
Business Tax Relief
3 Tips for Your First Business Tax Return
You’ve started your own business, and now it’s time to file your first tax return. Even if you hire a business tax preparation specialist, you will need to have your files in order and make some decisions on how you want to file your return. Here are 3 tips to help with your first business […]
The Tax Levy Relief Act of 2012
This past week, a bill was introduced in the House of Representatives that would provide individual or business tax relief by giving the IRS the power to release a tax levy when the imposition of the levy would cause economic hardship. The bill, identified as the Tax Levy Relief Act of 2012, was introduced by […]
People Fooled by TaxMasters Claims
When choosing a business tax preparation specialist or a tax advisor for your personal needs, it is very important to select a trustworthy expert with proven experiences in tax settlements and good reviews. This is what clients of TaxMasters, a now bankrupt tax preparation company in Houston, Texas, found out after trusting their taxes to […]
Small Business Tax Relief – Back Taxes
While taxes for 2011 are due in April, it is important to take care of any IRS notices and bills from past years that were not paid when due, called back taxes. Here are some frequently asked questions about back taxes in relation to business tax preparation. What back tax issues are commonly encountered by small […]