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Arranging a Payment Plan with the IRS for Your Business
Both individuals and small business owners get into situations when they can't pay their tax debt all at once. Fortunately, the Internal Revenue Service…
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Determining if Your Worker is an Independent Contractor or Employee
Business owners are required to withhold federal, social security and Medicare taxes from employee paychecks and forward these funds to the Internal…
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Understanding the Federal Payment Levy Program
Financial Management Service (FMS) of the Department of the Treasury instituted the Federal Payment Levy Program (FPLP) in 2000 to collect overdue taxes…
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What is a Franchise Tax?
A franchise tax is a state-level tax that is levied against businesses and partnerships that establish a presence in that particular state. Some state…
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The Difference Between Calendar Year and Fiscal Year for Business Taxes
Learn more about calendar and fiscal tax reporting, and why factoring companies help business with cash flow using receivables before year end.
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Can My Business Get Funding While I Have a Tax Lien?
major issue that will arise is when the IRS sends a notification to the lien holders of the business with a 90 day notice.
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Tax Implications for Factoring Receivables
The IRS uses several facts, including factoring receivables, to determine the tax liability of businesses that use factoring services. If your business is audited, the agency will examine.
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