IRS cracks down on payroll tax cheats

The Internal Revenue Service has been focusing efforts in recent weeks on payroll tax compliance, with revenue officers visiting nearly 100 businesses suspected of having serious issues with employment tax compliance. IRS Field Collection and Criminal Investigation employees undertook a two-week campaign between March 25 and April 5 to ensure the businesses complied with the

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To Report or Not Report Reportable Transactions

The IRS is nosy. They want you to report everything! They want to know how much you make, how much you spend, how you calculate it, and so on. While simply including the amount and the method of valuation will suffice for most numbers on your tax return, there’s this subset of transactions that IRS

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Multi-state Tax Management

On June 21, 2018, landmark case South Dakota v. Wayfair, Inc. enabled states to tax remote sellers. This was a major victory for state taxing authorities. The online seller—not so much. For most online sellers prior to this ruling, they were only responsible for paying sales and use taxes to the state where they had a

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I Didn’t File My Taxes. Now What?

April 15 is sketched into the brain of every adult. It’s Tax Day! You’re either looking at the frantic filers aiming to complete their returns before midnight or you are the frantic filer. It’s that simple. And if you’re reading this, we’re going to assume that you’ve either been the frantic filer or know a

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