Self Employed Businesses
What Happens If a Fund Is Disqualified? Opportunity Zones are a tax incentive that brings much-needed funds to economically distressed or low-income areas. When used...
When a taxpayer fails to comply with tax obligations, like failing to file their return on time or not paying what they owe, the IRS...
Tax credits are an extremely valuable way to reduce your tax bill or get a refund, but what if the IRS denies your credit? Every...
Congress often uses the tax system to implement policy goals. For example, one way Congress tries to promote environmental improvements is to propose clean energy...
The Investment Tax Credit is a great way for businesses to grow, save money, and increase the efficiency of their operations. Unfortunately, this tax credit...
Using the U.S. Tax Code to promote green energy is a policy strategy that Congress has used for decades. However, the Inflation Reduction Act (IRA)...
Opportunity Zones offer investors an attractive way to defer and even reduce their capital gains tax liability while also making a positive difference in economically...
IRS Letter 5857 indicates that the IRS is watching you to determine your compliance with deposit requirements. Ignoring this letter and other IRS notices could...
If you don’t pay your taxes, the IRS has the right to seize all of your business assets, effectively shutting down your business. Generally, however,...
The IRS assesses penalties on tax preparers who understate their clients’ income, disclose client information improperly, file fraudulent returns, or make other missteps. Generally, you...