Tag Archives: business taxes

Do You Have Trouble Paying Back Taxes? The IRS Cares! No, Really. But to a Point.

As CPAs, every year we acquire clients who need help negotiating with the IRS regarding their back taxes.  This apparently seemed to be such a problem, that the IRS has actually made it a little easier to satisfy the debt.  … Continue reading

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Obamacare and the Mixed Up World of Small Business

“If I had a world of my own, everything would be nonsense. Nothing would be what it is because everything would be what it isn’t. And contrary-wise; what it is it wouldn’t be, and what it wouldn’t be, it would. … Continue reading

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CPA Tips: Tax Extensions and Payment Options

CPAs work hard this time of year, but for those of  you who do not (or cannot) get your taxes done in time, here are some options that are listed on the IRS site.  But don’t wait, the post office … Continue reading

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Deadline Tax Filing Tips from the IRS

Back in the 1980′s I lived in the San Fernando Vally near the main post office.  At about 9 pm on April 15th, I would walk my dog to the post office to watch the late tax filers.  A line … Continue reading

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CPA Reminder: 2012 Self-employed Healthcare Credit

Yes, I know.  Health insurance is very high and a drag on the small business.  So, lessen the pain by taking the healthcare credit if you qualify.  Here are the facts: Starting in tax year 2011, you take the credit on Form … Continue reading

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Don’t Shoot the CPA! Something New This April If You Can’t Pay Your Taxes

You’ve worked hard, but got laid off.  Then on April 15th the following year, your CPA tells you that you owe taxes, but you don’t have the money.  What are you going to do?  Check out what our “compassionate” IRS … Continue reading

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Taxes and a Load off Your Debt, Or is It?

Losing your home is bad enough, but paying taxes because the experience rubs salt in the wounds.  Prior to 2007, there was very little relief for a debtor that had a residence debt forgiven.  However, that changed in 2007.  Canceled … Continue reading

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Don’t Mess with Taxes

(From Marx Brother’s Duck Soup) The new Secretary of War Chicolini( Marx brother Chico) is discussing the  funding of the war: Minister of Finance: Something must be done! War would mean a prohibitive increase in our taxes. Chicolini: Hey, I … Continue reading

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What! I Have to Pay Taxes on My Unemployment Benefits?!

Do you remember the Marx Brother’s “contract scene” in  Night at the Opera? It started with Groucho reading, “The party of the first part, will be known in this contract as the party of the first part…”  Chico said it … Continue reading

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IRS Mercy? To Err is Human, to Forgive is Divine

Well, as a CPA for the last thirty years,  I thought I’d see the tin man get a real heart before the IRS show any heart at all.  The IRS has released some sort of an amnesty program designed to offer mercy … Continue reading

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