IRS
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How the IRS Fresh Start Program Reduce Back Taxes
- September 29, 2020
- Posted by: BenG-Admin
- Category: Blog, IRS, Taxes
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If the name “Internal Revenue Service” always dreads and reminds you that you owe taxes, you might not have thought of a way out. Taxpayers with financial binds often feel that they can’t escape debts to the IRS. However, this endless journey or situation is not as dire as you have assumed. With its innovative
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What You Should Know Regarding Payroll Taxes in 2020
- September 11, 2020
- Posted by: BenG-Admin
- Category: Bookkeeping, Business, IRS, Taxes, Wage
If you are a business owner, there are several things you need to be privy to, and payroll taxes are certainly important. To ensure that you pay the employees in your company above the board, keep reading for valuable information and an overview of how payroll taxes typically work and everything you need to know
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Interesting Things You Did Not Know about Taxes
- August 28, 2020
- Posted by: bryan@escobartax.com
- Category: Blog, IRS, Taxes
There is no denying that paying taxes is on all of our minds, barely in a positive way! The truth is that tax law is complicated to a considerable degree, and that makes for some very amusing, and at times odd tax trivia. Keep reading to learn about some of the most interesting and fascinating
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Filing Taxes on Unemployment
- May 29, 2020
- Posted by: bryan@escobartax.com
- Category: Blog, IRS, Taxes, Uncategorized, Wage
The unemployment rate is already more than 14%, which means your tax situation is about to head for a bumpy ride. There are, of course, significant elements you should be aware of before you receive your unemployment compensation benefits. Whether you are earning income or not, you might still have to file your tax return.
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COVID-19: What the IRS Is Doing To Help
- May 5, 2020
- Posted by: bryan@escobartax.com
- Category: Blog, IRS, Taxes
COVID19 is now affecting the economic structure where businesses thrive. For the sake of containment, the pandemic has forced companies to shut down operational activities for the foreseeable future. As millions of folks file for unemployment, Americans can take a sigh of relief from the new Coronavirus Stimulus Package. The official name for the $2
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What Changes You Can Expect from the IRS in 2020
- March 19, 2020
- Posted by: BenG-Admin
- Category: Blog, IRS, Taxes
As the 2020 tax season begins, the Internal Revenue Service is processing and accepting a continuous stream of federal tax returns for the 2020 tax year. Currently, the deadline to file your 2020 tax returns and make tax payments is April 15, however a few days ago, the IRS commissioner extended the deadline to file
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9 Questions You Should Ask Before Filing Business Taxes
- March 3, 2020
- Posted by: BenG-Admin
- Category: Blog, IRS, Taxes
Name - Nombre* Email - Correo Electrónico* Phone - Teléfono* What can we help you with? - ¿Qué podemos ayudarte?* Today, most of the small business owners leave legal write-offs on the table during tax season.s. Sometimes keeping track of your receipts and expenses will help aid in the preparation of your tax return. . -
Basic Tax Strategies Small Businesses Can Implement Today
- January 17, 2020
- Posted by: BenG-Admin
- Category: Blog, Business, IRS, Taxes
The highest expense for a small business over the year is not raw material, health insurance, or even payroll – but taxes. In this age of lower and friendlier tax rates, small businesses often have to grapple federal and local tax regulations. And before you know it, the amount accumulates to the point that it
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Pros of Refundable Tax Credits for Your Business
- January 13, 2020
- Posted by: BenG-Admin
- Category: Blog, Bookkeeping, Business, IRS, Taxes
Whether you are an individual or a business owner, refundable tax credits are definitely a crucial consideration for taxpayers to be fully aware of when filing their tax returns. As a business owner or entrepreneur, you can claim tax credits that lower the amount of tax that you pay to the IRS. Businesses, regardless of
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What You Need To Know About Your Car Depreciation
- January 2, 2020
- Posted by: BenG-Admin
- Category: Blog, IRS
Time is nobody’s friend, especially if you are a car owner. Unlike other of your assets, a vehicle’s value significantly decreases over time. This phenomenon is depreciation. Car owners do not feel the effect of depreciation until they decide to trade or sell their cars. In simple words, depreciation is the value that represents the
