Maybe you’ve just completed your latest tax return and discover that you can’t afford to pay it? What should you do? What will happen next? Might you be arrested and thrown in jail? While these are legitimate concerns, there are things that you can do to limit the repercussions and prevent yourself from getting into a spot of bother with the IRS: Be sure to file your return before the… Read More
Archives for September 2019
The IRS And TheTax Code In A Nutshell
When Congress decides to make changes to tax rates, that’s when they occur and the frequency at which this happens is hard to predict. Most recent changes were back in 2001, thanks in part to the Economic Growth and Tax Relief Reconciliation Act, which reduced tax rates for both individuals and businesses. So, Congress writes the tax laws, but the IRS are responsible for implementing them and helping to explain… Read More