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Monthly Archives: January 2019

The truth about IRS Offers in Compromise, Part 1

An Offer in Compromise is when the office of the Commissioner of the IRS compromises your Federal tax debt in exchange for an acceptable offer of partial repayment based on your true ability to pay. Convincing the IRS that you … Continue reading

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3 Quick Business Tax Takeaways for Friday, January 18, 2019

Businesses can still deduct 50% of Meals as a business expense for tax year 2018, but the new laws specifically deny expenses for entertainment, amusement, or recreation. Existing businesses that wish to convert to being taxed as an S corporation … Continue reading

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Unpaid student loans and the Treasury Offset Program

If you don’t pay certain debts that are guaranteed by the federal government, like student loans, the government will seize your tax refunds and even a portion of your Social Security benefits to cover the unpaid balance(s). Keep in mind … Continue reading

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