Article by Mary Washington Do you discover handling the IRS frustrating? Intimidating? Time-consuming? How about all of the above? You are not alone.While taxpayers might perpetually represent themselves in front of the IRS, many turn to skilled tax facilitate (specialised tax attorneys, CPAs, and Certified Tax Resolution Specialists) so as to maximise their chances of … Read more
The 1031 exchange is a great instrument for property owners who wish to defer their capital gains tax. However, not all states treat 1031 exchanges equally. California regulations stipulate that any appreciation in property value accrued in California is subject to their state taxes, regardless of whether or not that property was exchanged for … Read more
Payroll Tax Audits Knowing how to handle a payroll tax audit is a bit different than regular 1040 income tax audits. These audits involve federal withholding, social security, and medicare tax all withheld from employees’ paychecks. This is reported on IRS form 941. It involves the federal unemployment tax reported on federal IRS form 940. … Read more