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Dallas TX – Handling Your Taxes in Times of Financial Crisis

Whether it is a global pandemic shutting the economy down for months on end, a stock market crash that leaves formerly giddy investors frightened and nervous or a housing crisis that makes real estate a risky bet, living through tough economic times is never easy....

Dallas TX – How to Effectively Solve Your IRS Problems

Did you know that there are approximately 20 million taxpayers that are either in some stage of the collection process with the IRS or are believed to be non-filers. This is expected to continue to increase in the current economic environment related to COVID-19....

Richardson TX – Making Voluntary Payments to Reduce the Payroll Tax TFRP

As we in previous blogs, a priority of helping taxpayers who come into our Richardson TX, tax office with business Payroll Tax Debt, is avoiding or minimizing the impact of the Trust Fund Recovery (TFRP). When the IRS makes a TFRP assessment against an individual,...

Richardson TX – The Criminalization of Payroll Tax Debt!

As covered previously, Payroll Tax Debt issues are among the most complex and potentially the most damaging tax debt cases that we see in our Richardson, TX tax office. First, there are the potential penalties that can create a financial hole that’s almost impossible...

The IRS Trust Fund Recovery Penalty – Business Tax Debt and Personal Liability

Payroll Tax Debt can become a nightmare for a taxpayer who gets behind. In addition to the potential penalties to a corporation, LLC, or partnership for unpaid taxes that we reviewed in our previous blog, there is also the potential for personal liability. Today, we...

When Business Taxes Become Personal Liabilities

In the upcoming months, many small businesses will struggle to survive.  In order to survive difficult times, business owners often need to make decisions on what they should and shouldn’t pay.  Sometimes, it comes down to making decisions that have no good answers....