Category: Uncategorized

When Does the IRS Come for Back Taxes?

9 March, 2024 | Late Filed Returns Tax Debt Uncategorized

How Long Until the IRS Comes After You for Back Taxes? Navigating federal back taxes can be daunting, to say the least. If you’ve got unpaid or unfiled taxes to deal with, it’s natural to feel some stress about the possible repercussions. The first step forward is understanding how long it takes for the IRS to initiate collection actions for back taxes. From there you can get a look at the bigger picture of your own situation. As of early 2024, the IRS has recently begun... CONTINUE READING

Comprehensive Guide to New York Sales Tax for Businesses

8 February, 2024 | Sales Tax Uncategorized

Business Owner's Guide to New York Sales Tax Sales tax in New York is a consumption-based tax imposed on the retail sale of tangible personal property and certain services. The state requires individuals and businesses to pay sales tax when purchasing taxable goods and services. For businesses operating in New York, understanding the fundamental aspects of sales tax is paramount to ensuring compliance with state regulations. Here’s everything you need to know about sales tax, i... CONTINUE READING

How to Modify Your IRS Installment Agreement: A Simple Guide

Summary This guide outlines how to make changes to your IRS payment plan, such as reducing your monthly payment, changing your payment date or method, or adding a new tax debt to your plan. If you can no longer afford to make payments, you may be able to apply for currently not collecti...