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Tax News

The Ten Biggest Mistakes Taxpayers Make When Dealing With The IRS

Jan 13, 2021 | Taxes Tips

Generally speaking, taxpayers should never try and represent themselves before the IRS. It’s best to hire a professional (Enrolled Agent, CPA or Attorney) with tax representation knowledge and experience to represent you. They are trained in IRS process and procedure...

The Taxpayer Bill of Rights

Jan 6, 2021 | Taxes Tips

Believe it or not, taxpayers actually have rights when dealing with the IRS in an examination (commonly referred to as an audit) or collections. My firm, By The Book Taxes, located in Norwalk, CT specializes in income tax preparation for individuals, families and...

Payroll Tax Liability Resolutions Strategies

Mar 4, 2020 | Taxes Tips

Over the past few weeks, I’ve written about payroll tax liabilities for a business and how the IRS assesses these taxes and attempts to collect them from both the business and employees within the business that the IRS deems “responsible” for “collecting, accounting...

Payroll Tax Liability Collection from Individuals

Feb 26, 2020 | Taxes Tips

In last week’s blog, here, I spoke about the actions that the IRS takes against a business to collect delinquent payroll taxes, known as “trust” taxes. What makes payroll taxes different than federal income tax is that the IRS had the ability to collect delinquent...

Payroll Tax Assessment & Collection for Businesses

Feb 19, 2020 | Taxes Tips

As I mentioned in last week’s blog, here, “Struggling or failing businesses often use these funds (payroll tax withheld from employees) to pay their employees and vendors in order to stay open instead of sending the money to the government. Unscrupulous business...