Pros and Cons of an Offer in Compromise

March 23, 2016

If you are having a difficult time paying off your taxes, you may seriously be considering the Internal Revenue Service’s offer in compromise program. Before submitting those forms, however, it may be best to take a closer look at the pros and cons of this program to see if this is truly the best option…
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Who is Liable to the IRS for Unpaid Payroll Taxes?

March 9, 2016

All companies are responsible for paying the payroll taxes of its W-2 employees. Payroll taxes are typically made of two parts: the employee’s portion—Social Security tax, Medicare tax, and income tax withholdings, and the employer’s portion— Medicare and Social Security taxes. The employee’s total withholdings are referred to by the IRS as the “Trust Fund” amount…
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