Small Business Tax Mistakes To Avoid

Small Business Tax Mistakes to Avoid Small businesses are hit the hardest by taxes because they need to fulfill the many state and federal taxes, including payroll taxes, local taxes, self-employment taxes, sales taxes, excise taxes and more. Planning, preparing and filing these various taxes takes up much time, effort and resources. Not surprisingly, many small businesses find themselves non-compliant …

Self-Employed Tax Help

Tax Basics for the Self-Employed If you are self-employed, you are required, in most cases, to file taxes annually and pay an estimated tax each quarter. As self-employed, you do not have your income withheld by an employer, and therefore, you need to file and pay the self-employment tax (SE tax) along with your income tax. The self-employment tax covers …

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Do You Have State Tax Problems?

RMS Tax Consulting is licensed in all 50 States.  RMS Tax will work with state taxing agencies on your behalf to help you get your life back on track. Tax issues vary nationally, but there are several common ones you might be facing. Didn’t file a state tax return If your state charges an income tax, you need to file …

Avoiding IRS Form 433A

For most people, personal finance is a deeply private matter. The idea of revealing their personal financial information to anyone, especially total strangers, can often cause fear and anxiety. However, when taxpayers find themselves with tax debts they are unable to pay, they may be required to divulge some of this information to the IRS for collection purposes. Below, we …

Which Installment Agreement is Right for You?

An installment agreement allows an individual with tax debt to pay the entire back tax amount in monthly installments over a specified period of time. Taxpayers who are unable to satisfy their entire tax debt at once may find the right installment agreement advantageous. Many Options There are many types of installment agreements to be chosen based on the amount …

IRS Revenue Officers Bring Trouble to Your Life

Chilling Facts About IRS Revenue Officers Revenue officers are highly skilled employees of the Internal Revenue Service (IRS) who are responsible for collecting back taxes and resolving tax debt cases. They receive more intense training than regular IRS employees and they have the ability to enforce the tax code and collect taxes from delinquent accounts as quickly as possible.  Revenue …

How to Protect Yourself from Aggressive IRS Actions

In order to avoid aggressive IRS actions, it’s important to understand how they work. In addition to sending notices regarding the payment of debt, the IRS also uses various aggressive collection actions such as the federal tax lien and tax levy to collect tax debt. It’s beneficial for taxpayers to begin resolution efforts as soon as possible. Once a taxpayer …

IRS Tax Liens – The Basics

A tax lien secures the government’s interest in your property and/or assets in the event that you do not pay a tax debt. The IRS will place a lien against you if their notices regarding the payment of back taxes are not answered. This action can apply to any property you own or come into possession of for the life …

Owe IRS? We Will Get You an Agreement Fast!

IRS Tests Expanded Streamlined Processing of Installment Agreements Is the IRS after you? We can make your IRS troubles go away and bring you peace of mind and a reasonable installment agreement. The IRS recently announced a pilot program expanding the ability of taxpayers to qualify for Streamlined Installment Agreements. The test will be conducted through September 30, 2019.The IRS …