Your IRS Questions Answered Here…
Question: I own a small business and in order to keep afloat, I did not send the IRS my employee’s withholding taxes for a few years. How much trouble will I be in? Answer: Owing 941 payroll taxes is very different from owing personal income taxes. Not only can the IRS padlock the doors to […]
Weird State Tax Facts
-Alabama-Residents still pay a Confederate veterans tax, despite the fact that all Civil War veterans are long dead. Nowadays the tax supports the Confederate Memorial Park. -Arkansas-Charges a 6% tax on body piercings, tattoos and electrolysis. -South Carolina-Any meat packer or butcher in the state can get a $50 rebate by donating a deer carcass […]
Fried Chicken Restaurant Owners Take a Lickin’ From the IRS
In a superseding indictment, three restaurant owners were charged with 18 counts of conspiracy and willful failure to pay taxes. Hazrat Khan and Kurshed Iqbal, both from Boston, MA were initially indicted in April 2016 and the superseding indictment added Rahman Zeb, also of Boston to the charges. The defendants owned two Crown Fried Chicken […]