by Pierre Philantrope | May 31, 2023 | Tax Tip
In Cardiovascular Center LLC v. Commissioner of Internal Revenue Service, the Tax Court had to determine the employment status of the workers at cardiovascular Center, LLC pursuant to IRC section 7436. In a Notice of Employment Tax Determination of Worker...
by Pierre Philantrope | May 24, 2023 | Tax Tip
Business Owners Can Hire their Children to Lower their Tax Liabilities Summer is coming! If you have not taken advantage of the tax benefit of hiring your kids because you want them to focus on their school activities, why not change your focus to get a huge tax...
by Pierre Philantrope | May 17, 2023 | Tax Tip
Taxpayers can save in tax by making certain energy efficient upgrades to their homes. The Inflation Reduction Act of 2022 expanded the credit amounts and types of qualifying expenses. Taxpayers can claim the Residential Clean Energy Credit and the ...
by Pierre Philantrope | May 10, 2023 | Tax Tip
There are many ways to resolve a tax debt. We discussed several of them in previous tips. on this tip, we turn to Offer in Compromise (OIC). Taxpayers could consider applying for an Offer in Compromise when paying the full tax due could cause financial hardship. An...
by Pierre Philantrope | Apr 19, 2023 | Tax Tip
The 2023 tax filing season has come to its end. Many taxpayers have not filed their returns or have a tax due. The Internal Revenue Service (IRS) has been actively hiring employees, in part, to help in the collection of taxes due. In his address to Congress recently,...
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