No Soft Landing for this Downey
David Downey of Indianapolis was sentenced to 72 months in prison for defrauding clients of his payroll company of more than 9.4 million dollars. From 2013 to 2017 Downey used 20 million dollars from his clients’ accounts to fund his Charles Schwab brokerage account, and ultimately returned only 11 million dollars to the IRS for […]
Your IRS Questions Answered Here… COVID-19
Question: My business has been adversely affected by the COVID-19 Corona virus. I’ve had to lay off all of my employees and basically shut down my operation. I don’t have the money to pay my payroll taxes that I owe. Is there anything I can do? Answer:  Yes. The Small Business Administration (SBA) has just […]
Did You Know?
U.S. car buyers pay sales tax on a new car, but it’s nothing compared to what Danish car buyers pay. Depending on the price of the car, the registration tax has been as high as 150 percent of the sale price.