Whether you’re newly licensed or are looking to start your own law firm, the IRS will want its cut. And unfortunately, the fee sharing rules don’t apply to taxes. Here’s what attorneys need to know about taxes.
These are the tax brackets and other cutoffs for tax year 2019. This applies to calendar year 2019 taxes filed in April 2020.
Most people think of April 15th as the due date for taxes, but the reality is that the IRS wants its cut as soon as you get paid. If your income isn’t covered by income tax withholding, you need to make estimated tax payments.
IRS penalty relief may help you avoid tax penalties even when you clearly owe them. There are two main arguments you can make.
A notice of intent to levy means that the IRS intends to take your property to pay off a tax debt. You have a limited amount of time to either make payment arrangements or file an appeal.
You have several options if you’re having a problem with the IRS. These include: