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Federal Tax Information

6 Small Business Taxes Owners Must Pay

Small business taxes can make or break finances for taxpayers, and knowing more about this type of business taxes can help taxpayers prepare and budget accordingly.RELATED: Business Vs Hobby: How The IRS Qualifies Hobby Income As A BusinessIn this article:Local Business Tax, Specifically Sales Tax Income Taxes for Small Business Taxpayers Dividend Tax for …Continue Reading

What Happens During A Trust Fund Recovery Penalty Form 4180 Interview?

Filling out a Form 4180 can be difficult due to the complexities as well as the subject matter since the IRS treats the trust fund as a grave matter.RELATED: How To Avoid Taxes Through The Mortgage Forgiveness Debt Relief ActIn this article:What Is the Trust Fund Recovery Penalty? How Much Is the Trust Fund Recovery Penalty (TFRP)? How Does the IRS Proceed …Continue Reading

How To Dispute An Incorrect IRS Tax Liability

Anybody can make a mistake, and that includes the IRS. Taxpayers may receive notices with an incorrect tax liability, so you must know how to file the appropriate dispute.RELATED: IRS Offer In Compromise | What Is It And How Can It Help You [INFOGRAPHIC]In this article:Understand What Is Tax Liability Know How to Calculate Tax Liability Become Familiar About …Continue Reading