207-221-6603
207-221-6603 info@sebagolakesaccounting.com

Category: Taxes

How Can I Pay Federal Taxes With Installments or Monthly Payments?

Taxes

Every year, there are millions of taxpayers who find themselves unable to pay federal taxes in full to the IRS. The IRS knows there will be some taxpayers coming up short. The good news is the federal government is happy to work with you. The bad news is, they’re relentless in their collection of back taxes and if left unattended, they can levy your bank account, garnish your paycheck, or put a lien on your property to settle your tax bill. However, their cooperation comes at a price, called penalties and interest. Here are the steps you need to take…

READ MORE

Why Doing Your Own Business Taxes or Resolving Your Own Tax Problem is a Terrible Idea

Taxes

Running your own business means wearing a lot of hats, from office cleaner and supplies buyer to client schmoozer and payroll maker. But should you add tax preparer to your already long list of duties? What if you have a tax problem with the IRS? What if doing your own taxes creates a tax problem? We often see small business clients, clients with either a schedule C, or a corporation, partnership or LLC, with payroll and income tax problems, or an audit, simply because they thought they could do it on their own.  It’s a bad idea. If you are…

READ MORE