10 Useful Tips for Taxpayers Who Owe the IRS
While many taxpayers get a refund from the Internal Revenue Service each year, there are those who owe. Furthermore, some taxpayers are unable to pay the tax all at once. Therefore, the IRS has announced a campaign to an effort to help struggling taxpayers get a fresh start with their tax liabilities. Below is […]
REALITY CHECK: Loan Modifications Rarely Include A Principal Reduction
Las Vegans are subjected to a non-stop barrage of commercials and advertisements from people and companies promising principal reductions through loan modifications. However, the majority of loan modifications do not include a principal reduction. The majority of loan modifications come in three different forms: The lender reduces your interest rate to no lower than 2%; The […]
What To Do With Your EIN When Hiring New Employees
Recently we were asked if a single-member limited liability company (LLC) has to get a new EIN after it hired an employee. Again we provide the typical lawyer’s answer, which is “it depends.” The Internal Revenue Service (IRS) rules regarding this situation are as follows: Single Member LLCs with Employees. For wages paid on or […]