6 Tax Tips For Startups
Pick a business structure. Â One of the first things a startup will need is to decide how they are going to structure their business – as a sole proprietorship, a partnership, an S or C Corp, and so on. Â Each comes with different tax rules and different filing requirements, so the advice of an […]
Celebrity Tax Lien – Floyd Mayweather
The IRS still has Floyd Mayweather Jr. on the hook for $7.2 million in taxes from 2010, according to records that show a Federal Tax Lien filing. That’s on top of the $22.2 million the undefeated boxer nicknamed “Money” owes in 2015 taxes for the year he earned $200 million to fight Manny Pacquiao. Mayweather’s […]
IRS Releases Eight Tips to Protect Taxpayers from Identity Theft
Identity theft happens when someone steals personal information for financial gain. Tax-related identity theft happens when someone uses another person’s stolen Social Security number (SSN) or Employer Identification Number (EIN) to file a tax return to obtain a fraudulent refund. Many people first find out they are victims of identity theft when they submit their […]