Rhode Island Businessman Gets Creative in Trying to Evade Taxes At first claiming that he was, “Not a citizen of the United States”, and that his earnings were not taxable, Billie Schofield from Scituate, R.I., pled guilty in Federal Court to tax evasion. Failing to file legitimate tax returns for ten years, Schofield told the […]
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8 Reasons To Work With a Tax Resolution Professional To Resolve Your Back Taxes
Owe Money to the IRS? When you owe money to the IRS, it is hard to think about anything else. While being in debt is never fun, no matter who the creditor is, the IRS enjoys almost unlimited power to collect the money they are due. Unlike your mortgage lender or credit card company, the […]
Tax Resolution Times
Art Dealer Tries to Paint a Different Picture of Her Income Mary Boone, a prominent art gal- lery owner in NYC, who was once called “Queen of the Art Scene” by New York magazine, was sen- tenced to two and a half years in prison on charges of filing false tax returns. Boone pled guilty […]
Paycheck Garnishment
When the IRS or state garnish or levy your paycheck it really makes paying your monthly bill a problem. Even if you work extra hours to make up for the garnished amount they still take more. There is help once this occurs. The IRS or the state are trying to get your attention in order […]
IRS Problems – Mom’s Story
Do you have a tax problem? Are you getting letters from the IRS or your state revenue department or franchise tax board? Do you know you owe and don’t even want to get the mail anymore because of the IRS letters and knowing you can’t solve this? I can help. My first IRS problem case […]
Full Service Accounting and Tax
Knowing when to turn over your small business bookkeeping is an important part of growing your business. In the beginning, maybe you had to do it or maybe you wanted to do it, but as time has gone on it has become a chore that only gets done because you have to file your taxes. […]
Are your tax returns past due?
If you have unfiled tax returns that are past due with either the IRS or the states we can help get you caught up. It can happen and once it does I know it can be overwhelming. Many questions come to mind, such as where to start? What do I about missing documents? How far […]
Making a HELOC Work for You
Under the new tax code you may not be able to deduct the interest paid on your home equity line of credit. For a home equity line interest to be deductible it must be used to repair, maintain or improve your home. If it was used for other expenses that portion is not tax deductible […]
Foster Care and Taxes
If this is your first year as a foster parent you may have many questions regarding your taxes. There is different information out the for how to claim the child(ren) you are caring for. One of the biggest tax changes for you may be keeping track of various expenses including mileage that can help reduce […]
Taking Your Business to the Next Level
Maximize your growth in a sustainable way One trap into which many small businesses fall is failing to anticipate rising costs associated with business growth. As your business expands, you have more to pay for from month to month. Not creating a plan to deal with these costs can cripple or destroy a young enterprise. […]