S Corporations & the NonFiler

A very common situation for a non-filer is an S corporation that has not filed in a number of years. To activate the corporation and put it in good standing can involve substantial fees. First, a taxpayer will have to pay substantial franchise tax fees and penalties for failing to file state income ...
Read More

Trust Fund Recover Penalty

A trust fund recovery penalty is assessed against a person who is responsible for failing to pay payroll taxes. The trust fund recovery penalty is the portion of the employee’s check that is withheld for income taxes and social security. The IRS takes a shot gun approach to assessing this pena...
Read More

How To Settle Your Taxes

When it comes to tax collection, the IRS isn’t the only government agency that you need to worry about. The Department of Justice can be involved in getting court judgments on tax payers and collecting back taxes. Generally, the tax situation has to be pretty serious for the Department of Just...
Read More