Circumstances Where You Might Need a Tax Attorney | Tax Lawyer | Legacy Tax & Resolution Services
It is amazing how those three little letters, “IRS” can cause a taxpayer to panic and have instant anxiety. Interacting with the Internal Revenue Service (IRS) is stressful and complicated no matter how much you prepare. While there are some tax issues you can certainly handle on your own, others can be resolved by a Certified […]
IRS Accepts Installment Agreement in Anderson, IN
IRS Installment Agreement – 08-16-2006 Taxpayer Situation: Taxpayer owed the IRS for tax years 1992-2005. The taxpayer was current with the filing of all his tax returns. Resolution Outcome: Legacy Tax & Resolution Services successfully negotiationed an Internal Revenue Service Installment Agreement for a client in Anderson, IN. Legacy Tax & Resolution Services negotiated payments of $3,255 monthly […]
How the R&D Credit Can Help New Companies Offset Payroll Taxes
How the R&D Credit Can Help New Companies Offset Payroll Taxes The R&D credit was permanently extended as part of the Protecting Americans from Tax Hikes (PATH) Act of 2015. The bill included enhancements starting in 2016, including offsets to the alternative minimum tax and payroll tax for eligible businesses. While the credit used to […]
What to Know About R&D Tax Credits for Dentists
What to Know About R&D Tax Credits for Dentists Many dentists have recently been exploring the potential applicability of the R&D Tax Credit to their practices. What is the R&D Tax Credit?The goal of the R&D text credit is to encourage businesses to undertake research and development related activities, either through new or improved […]
Paid Sick Leave vs. Vacation vs. PTO: What You Need to Know
More and more jurisdictions are passing laws requiring employers to provide paid leave to employees, and the COVID-19 pandemic has only accelerated this trend. When new laws are enacted, employers often have questions about the impact on their existing policies. Here are answers to some frequently asked questions on paid sick leave, vacation, and paid […]
Modifying QuickBooks Reports Gives You Better Insight Into Past, Future: Part 1
November 2019 Business Due Dates
November 12 – Social Security, Medicare and Withheld Income Tax File Form 941 for the third quarter of 2019. This due date applies only if you deposited the tax for the quarter in full and on time. November 15 – Social Security, Medicare and Withheld Income Tax If the monthly deposit rule applies, deposit the […]
2016 Arizona State Tax Credits
2016 Arizona State Tax Credits Description Due By Single MFJ Qualifying Charitable Organization (Form 321) 4/15/2017 $400.00 $800.00 2016 Qualifying Charitable Organizations Foster Care Charitable Organization (Form 352) 4/15/2017 $500.00 $1,000.00 2016 Foster Care Organizations Public School Tax Credit (Form 322) 4/15/2017 $200.00 $400.00 Look up Arizona public schools here […]
2017 Arizona State Tax Credits
2017 Arizona State Tax Credits Description Due By Single MFJ Qualifying Charitable Organization (Form 321) 4/17/2018 $400.00 $800.00 2017 Qualifying Charitable Organizations Foster Care Charitable Organization (Form 352) 4/17/2018 $500.00 $1,000.00 2017 Foster Care Organizations Public School Tax Credit (Form 322) 4/17/2018 $200.00 $400.00 Look up Arizona public schools here Private […]
Tax Season Is Coming: Here’s a Laugh Before the Madness Begins
As tax season approaches, the annual rush to gather documents, crunch numbers, and meet deadlines can be overwhelming. Amid the seriousness of tax preparation, it’s refreshing to remember that the world of taxes is also filled with quirky, humorous, and downright bizarre stories. These anecdotes not only provide a good laugh but also highlight the […]