Wage garnishment is when a person has money withheld from their paycheck due to a legal ruling by a creditor, or for something like child support or alimony payments, and if this has happened to you, Uncle Phil’s Tax Advice can help in several ways. He has been offering advice to his clients in New York for more than 20 years and is standing by to assist you!
Many people in the US dread the approach of tax day, April 15. A lot of people don’t mind it too much and see filing their tax returns as a civic duty and simply as something that must be done. Many people are able to prepare their own state and federal tax returns without much trouble, but others really need tax help to get their returns filed on time with as little money due as possible, or even a nice tax refund.
What Is Important To Know About Wage Garnishment
If you owe the state of New York or the IRS back taxes, these governmental organizations have the authority to garnish your wages. The IRS and New York must follow certain guidelines. Understanding the rules and procedures can help you prepare, and in some cases, take the proper steps to stop it.
Working with the IRS or New York State When Your Business Owes Back Taxes
While everyone would like to receive a tax refund, this only happens in a perfect world. Unfortunately, small businesses frequently owe taxes at the end of the fiscal year, and no matter what the financial situation may be, failing to pay taxes due to either the IRS or the state of New York is not an option.
Getting your feet into business as a first timer can be a bit confusing. You have the business drive, but you are not sure how to go about it. If you are choosing a business entity form, it is important to understand the basic facts about each category.
Tax season is a stressful time for many people. Unfortunately, many individuals could be denied thousands of dollars because they are not aware of some deductions that are available. These expenses might not seem like much, but they do add up to get you more money. Therefore, here are 10 little known deductions that could save you thousands of dollars.
Tax problems can be a stressful time in your life. Dealing with the IRS can be an impossible task and cause much anxiety. You owe thousands of dollars and are concerned with possible wage garnishments or seizures of your assets. When faced with these issues, New York tax resolution could help you deal with your tax debt.
Being your own boss is great, but it can cost a lot. Fortunately you can recoup some of those expenses at tax time with deductions specifically designed for the self-employed. Here are ten of the most important for you to know.
When doing your taxes, you want to get the maximum amount of deductions available. Therefore, you need to consult with an experienced tax preparation service to see how they can help you achieve this goal. One of the many questions people wonder about taxes happens to be is interest on a car loan tax deductible?
A taxpayer may have a situation in which he or she ends up owing taxes to the state or to the Internal Revenue Service. The person may owe state taxes because of failure to pay state income taxes, or the debt could come from property taxes. IRS debts can accrue for a number of reasons. One reason that a person may owe the IRS taxes is failure to pay income taxes. The IRS may also find a discrepancy in the person’s taxes and issue the individual a notice of owed monies. A spouse’s child support may end up causing an injurious debt to the other spouse, as well. All those situations may cause the organization to impose a tax lien after a certain amount of time.
If you use your personal vehicle for business purposes, it’s important to understand what you need to do in order to write off your car or truck for business expenses. There are specific regulations under the IRS code, and unless you abide by this code your vehicle expenses will not be allowable. You don’t want to overlook things that are deductible, but you also don’t want to face penalties for failing to abide by the IRS code.
Dealing with the IRS
Facing the IRS for an outstanding tax liability is undoubtedly a frightening experience, but the key to getting through it is staying calm and making sure that you know your rights and take action. Understanding how the collection process works and knowing what you are up against are important, but in many cases, especially if you cannot reach an agreement with the agency yourself, a professional can better help you navigate the system and protect your assets and personal freedom.
There are many important things to consider when setting up a business, and what kind of entity it’s registered as is one of them. Understanding business entity type comparison is critical in setting up your business – it will determine what type of organization best meets your needs. LLC or S corp which is better? Below are the most common types of business entities and the pros and cons of each.
Once again, the tax man is at your door! You owe the IRS tax money. Unfortunately, you don’t have that money in pocket. It’s important to understand why you are in this dilemma. The problem is that you owe the IRS or New York State and can’t pay.
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