On February 23rd, the U.S. Tax Court filed T.C. Memo. 2022-5 deciding whether the Office of Appeals abused its discretion in rejecting an offer-in-compromise (OIC) . The United States Tax Court found no abuse of discretion and granted summary judgment in favor of the IRS. Why? The petitioner submitted form 12153 timely requesting Collection Due…
Bookkeeping and Payroll Software We currently only offering Quickbooks Online software & Manager software for accounting needs.? Quickbooks Online includes:? -inventory, -automation of your workflow, -safeguarding your transactions, -users access from anywhere, -integration with most used applications,?etc Payroll software: -Intuit Full Service Payroll, or ?Gusto Full Service Payroll. We currently only offering Quickbooks Online software…
?Returns relating to cash in excess of $10,000 received in a trade or business. What forms to use when reporting receiving cash in trade or business in excess of $10,000? If you look at 26 CFR ? 1.6050I-1 – Returns relating to cash in excess of $10,000 received in a trade or business, you will…
Recapture of Excess Employment Tax Credits Under the Families First Act and the CARES Act If you are taking advantage of Employment tax Credit under the Families First Act and the CARES Act, please read this Federal Register document to get details on it (as of 07/29/2020). There might be more changes to this document,…
