IRS Bans Travel for Serious Tax Debtors

IRS Bans Travel for Serious Tax Debtors

Thinking of leaving the country, but have a large tax debt weighing on your finances? Your passport may be denied at the gate due to an IRS travel ban on serious tax offenders. Detailed under the Fixing America’s Surface Transportation Act (IR-2019, 2/27/19),...
All About IRS Payment Plans (Part Two)

All About IRS Payment Plans (Part Two)

With so many tax changes coming into effect this year, countless taxpayers are projected to owe far more taxes than initially expected. But just because your tax due is high doesn’t mean your stress level has to be too. If you missed it, for those facing a large tax...
All About IRS Payment Plans (Part One)

All About IRS Payment Plans (Part One)

With so many tax changes coming into effect this year, it may come as a surprise to many taxpayers just how much they owe in taxes this filing season, versus receiving money on their returns. And if you’re one of the few who can’t pay their tax bill in full?...
New 1040 Form and Schedules Are Released

New 1040 Form and Schedules Are Released

After much talk and a few revisions, the IRS has at last released their final, shorter version of next year’s Form 1040, and while it’s not quite as small as the boasted “postcard size”, it is a considerable simplification. A step in the right direction for 2019’s tax...
Penalties For Delaying Employment Tax Payments

Penalties For Delaying Employment Tax Payments

Nobody likes paying their taxes – perhaps none less so than employment taxes. Simply put, employment taxes are paid generally with every payroll or monthly (periodically a business may pay quarterly) when an amount is withheld from employee paychecks and sent to the...

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