The IRS offers a certification letter to taxpayers informing them of their tax liability. This letter is often sent as a notice of deficiency in the form of a letter or email. The certification letter will provide information about the specific amount of tax liability that has been assessed and will offer solutions for resolving … Read more
If you are a small business owner, it is important to have hazard insurance in order to protect yourself from potential damage from the weather. Many times, weather conditions can significantly affect business operations and make it difficult to continue doing business. In order to keep your business running smoothly, you need to be prepared … Read more
There is no question that the fast-paced world of the job market has created a need for more loans. With so much going on, it’s not hard to get by on a small amount of money. That’s where zippy loans come in. These loans are designed specifically for people who need quick and easy access … Read more
The penalty for tax fraud varies depending on the severity of the crime. The large penalties may apply to individuals who are caught filing fraudulent returns, while smaller penalties may be applicable to businesses that violate tax laws. Penalties also can be increased if the person commits a felony. What is Tax Fraud? Tax fraud … Read more
When it comes to taxation, know your rights and responsibilities. If you are uncertain of what to bring to a tax appointment, be sure to research the particular tax code that applies to you and your business. By understanding your rights and responsibilities, you can make an informed decision about whether or not to attend … Read more
The IRS has a new Fresh Start program that offers tax relief to individuals who have recently been through a difficult divorce or relationship. The program is designed to help you get back on your feet and begin to rebuild your life. The program is available through the IRS’ Taxpayer Assistance Center (TAC). What is … Read more
People in California often take out Jumbo Loans to get large sums of money. This type of loan is usually used for big purchases or when the borrower has a large down payment. The interest on a Jumbo Loan can be high, so it’s important to make sure you’re fully prepared for the financial burden. … Read more
Many people are unaware of the rules that apply to 401k profit sharing. If you are under the impression that your 401k is a self-directed account, you are mistaken. Profit sharing is a policy that applies to all 401k plans, regardless of whether you are an owner or employee. The rules for profit sharing vary … Read more
Contribution deadlines are a common occurrence in many organizations. This is the date by which all contributions must be received in order to maintain the company’s financial stability. Contributions can be made through online donation portals or in-person donations. A SEP IRA contribution deadline is looming for many people, and it’s time to start planning … Read more
In Florida, a living trust is a legal document that sets out the rules and responsibilities of an estate in which an individual leaves their property to someone else. It can be used to distribute money between loved ones or to provide for specific needs such as health care or college tuition. A living trust … Read more