2021

Benefits Of Working With Tax Experts To Resolve Tax Issues

The IRS can institute various legal processes against non-compliant taxpayers to recover the unpaid amount. They can get back these funds by placing a tax lien on your assets like a bank levy or valuable property. Before the IRS comes after your assets, they will issue a notice informing you of their intentions. These notices are not final, and a tax resolution expert can help you stop the levy from taking full effect.


Hiring Your First Employee? Five Important Tax Tips

Small business growth is exciting. The transition from being a sole operator to now hiring your first employee feels like and is a major accomplishment. However, just as with all other business processes, it does take proper planning, particularly when it comes to taxes. Learn what steps you should take to protect your new employee and your business. Employee Documents The first step to ensure your taxes are in order is to collect the necessary tax documents from the employee.


Exploring The Pros And Cons Of Rental Property 1031 Tax Exchanges

Purchasing and selling rental properties is a great way to build your wealth and create passive income. However, the sale and purchase of rental properties can also leave you with quite a significant tax liability at the end of the year. This is why many real estate investors choose to take advantage of tax break opportunities such as 1031 tax exchanges. Below you will learn more about this particular opportunity to defer the taxes from the sale of one of your rental properties by examining both the pros and cons that come along with the use of a 1031 tax exchange.