Suppose you get a letter from the IRS, asking for information about your taxable income from two years ago? Would you know where to find your tax documents, including your tax returns, W-2 forms, 1099 forms, and business-related receipts? Unfortunately, many people throw these valuable documents away too early, complicating their tax audit strategies. In […]
If you’ve ever had questions or concerns regarding your tax returns or tax payments, you’ve likely experienced the pain of trying to get an IRS representative on the line. Sometimes this annoyance is avoidable. For general tax questions, the IRS provides answers via online FAQs and other resources. There are also several methods of contacting […]
Sales and use tax audits that result in large sums of uncollected or under-accrued taxes can crush a business, especially a small business. These assessments can decimate your existing cash flow, pressure you to extend your credit, and even force you to close your business. If your small business is currently undergoing a sales and use tax […]
If you have received a Notice of Intent to Levy or a Notice of Federal Tax Lien letter and feel the IRS erred in calculating your tax debt, you may be able to dispute their findings at a Collection Due Process hearing. Keep reading to learn more about Collection Due Process, whether you qualify for […]
Business owners struggling to pay their monthly bills can easily become overwhelmed by debt. Running a business is hard enough, but when you add crippling credit card and loan debt into the mix, owners can find themselves in impossible situations.
While there are many benefits to checking “married filing jointly” on your tax return, there could also be serious consequences if your spouse incurs significant tax debt or has encountered legal issues. An experienced tax lawyer can help you navigate these complicated matters and potentially avoid penalization for your spouse’s mistakes or misconduct. Read this article to learn more about innocent and injured spouse tax relief and how these programs could work in your favor if your spouse […]
Tax season is over, and some taxpayers have already been alerted to a serious issue regarding their returns: identity theft. Along with opening new accounts and credit cards in your name, tax identity theft is one of the main uses for stolen Social Security numbers. Below, the tax professionals at SH Block Tax Services explain […]
Tax season is back, and for most people, it comes with plenty of anxiety and frustration. But tax time doesn’t have to be this way. There are some simple actions you can take to streamline the process and get ahead of the game. Now is the time to begin preparing for tax season, and if […]
Here at S.H. Block Tax Services, we look forward all year to National Tax Day on April 15. However, we recognize that most people’s stress levels steadily rise in the weeks leading up to tax-filing time and peak on April 15. In fact, a 2012 study analyzed 30 years of data and found that auto […]
For independent contractors and small business owners who pay quarterly taxes, another important date is right around the corner. The final quarterly payment for 2018 income taxes is due on January 15, which is now less than one month away. Some contractors and business owners struggle to budget throughout the year or fail to keep […]
