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.
Alabama Shakes Down Tax Evader
Alabama resident John Cooney has pleaded guilty to tax evasion. In 2011 Cooney filed delinquent tax returns for 2008 through 2010, and admitted that he owed the IRS almost $780,000, but failed to include a payment with his returns. To evade the tax debt and future taxes, Cooney created an entity, GVA Advisors LLC, and […]