http://taxsettlement.org Sat, 06 Sep 2008 19:53:39 +0000 http://backend.userland.com/rss092 en If you are currently behind in your taxes and you need help, you may look to the IRS for help. You may want to work out some kind of tax debt relief program like perhaps a tax debt settlement, offer in compromise, or an installment agreement. You want to find ... http://taxsettlement.org/roni-deutch-tax-attroney/ Are your workers independent contractors or employees?  The answer can have a profound impact on how much tax you pay as a small business owner.  Knowing whether your workers are or are not employees will affect the amount of taxes you must withhold from their pay.  It will affect how ... http://taxsettlement.org/independent-contractor-vs-employee/ When talking about currently not collectible (CNC), it refers to a taxpayer who can’t pay his tax debts. The tax payer is dubbed by the IRS as “currently not collectible” when it receives enough sufficient evidence to prove the taxpayer cannot pay his tax bill. The taxpayer would usually fill ... http://taxsettlement.org/what-is-a-currently-not-collectible/ The Internal Revenue Service today outlined ways informants can report violations of the tax law and possibly claim a reward based on the amount of additional tax, penalties and interest that is owed.“Since Congress enacted new procedures increasing award amounts last year, informants have come forward with information on alleged ... http://taxsettlement.org/procedure-unveiled-for-reporting-violations-of-the-tax-law-making-reward-claims/ The Internal Revenue Service announced it will immediately begin the final reprogramming steps for its income-tax processing systems to prepare for the upcoming tax season following final passage of the Alternative Minimum Tax “patch” Wednesday by the House.“Our people will do everything they can to quickly update our systems for ... http://taxsettlement.org/irs-works-to-quickly-accurately-implement-amt-patch/ The Internal Revenue Service has developed a new form for employees who have been misclassified as independent contractors by an employer. Form 8919, Uncollected Social Security and Medicare Tax on Wages, will now be used to figure and report the employee’s share of uncollected social security and Medicare taxes due ... http://taxsettlement.org/misclassified-workers-to-file-new-social-security-tax-form/ The Internal Revenue Service issued an updated version of Form 990, the return that charities and other tax-exempt organizations are required to file annually, and provided transition relief so that small exempt organizations will have time to adjust to the new form.“When we released the redesigned draft form this past ... http://taxsettlement.org/irs-releases-final-2008-form-990-for-tax-exempt-organizations-adjusts-filing-threshold-to-provide-transition-relief/ WASHINGTON — The Internal Revenue Service this year received nearly 80 million tax returns through e-file, breaking the record set last year.The 2007 level is up about 9 percent from the 73 million returns filed for the same period last year. Of the 139.3 million returns filed in 2007, 79.98 ... http://taxsettlement.org/another-record-breaking-number-of-taxpayers-choose-to-electronically-file-in-2007/ WASHINGTON — The Internal Revenue Service is looking for 115,478 taxpayers who are due refund checks worth about $110 million after the checks were returned as undeliverable. The refund checks, averaging about $953, can be claimed as soon as taxpayers update their addresses with the IRS. Some taxpayers have more than ... http://taxsettlement.org/irs-has-110-million-in-refund-checks-looking-for-a-home/ Employers should be aware of two changes to the credit for the portion of employer Social Security paid with respect to employee cash tips known as the 45B Credit. These changes are the result of recently enacted legislation.The law now requires employers to determine their credit using the minimum wage ... http://taxsettlement.org/increase-in-federal-minimum-wage-will-not-reduce-45b-credit/