What Are The Most Common IRS Penalties?

What Are The Most Common IRS Penalties?

Businesses invest significant time and resources in crafting strategies to reduce their tax bills. However, many tend to overlook one of the simplest methods to cut their tax burden — ensuring taxes are accurately filed, fully paid, and submitted on time. While this...
How To Handle IRS Tax Debt For Small Businesses?

How To Handle IRS Tax Debt For Small Businesses?

Small businesses struggling with tax debts face the intimidating reach of the IRS, which has numerous strategies at its disposal to recover unpaid taxes. These methods could threaten the survival of your business if not handled carefully. From levies on bank accounts...
How Are Education Expenses Deducted Under U.S. Tax Law?

How Are Education Expenses Deducted Under U.S. Tax Law?

Tax Law allows for deductions on certain education-related expenses, and with the back-to-school season comes a wave of spending on essential supplies. But did you know some of those expenses might be tax deductible? In this guide, you’ll learn what specific...
Corporate Tax Strategies

Corporate Tax Strategies

The recent hike in the UK’s Corporation Tax basic rate has significantly heightened the tax challenges for many businesses. Now more than ever, it’s crucial for companies to find effective methods to trim their Corporation Tax liabilities and pay only...
How Can A Tax Attorney Help With Estate Planning?

How Can A Tax Attorney Help With Estate Planning?

Welcome to the intricate world of estate planning, a crucial undertaking that Austin & Larson Tax Resolution can guide you through. Estate planning involves various legal areas, including property, business, contracts, and tax laws. Its comprehensive nature is...
Can I Negotiate My Tax Debt With The IRS?

Can I Negotiate My Tax Debt With The IRS?

Filing taxes is a yearly duty that can be overwhelming, especially as it recurs with the same complexity each time. This challenge intensifies for individuals with multiple sources of income, each adding its own layer of complexity to the tax process. The tension...