Tax Day has passed and yet not all taxpayers have filed or paid their taxes. According to the most recent data, the United States Internal Revenue Service (IRS) estimates that Americans owed more than $114 billion in back taxes from the 2020 tax year. These numbers...
Can small businesses still claim the Employee Retention Credit?
Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help businesses during the pandemic. The law included increased availability of employee retention credits, or tax credits to help small businesses keep their employees even during...
What are my options if I am subject to a tax levy?
A tax levy is a legal seizure of property to pay off a tax debt. In some cases, the Internal Revenue Service (IRS) may use a tax levy to take money from a taxpayer’s bank accounts to settle a tax bill. Taxpayers who are the subject of a tax levy and believe it was...