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S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help

MyIRSRelief

Unlike sole proprietors or partners in a partnership, S Corporation shareholders are not subject to self-employment tax on their share of the corporation’s income. However, they must pay themselves a reasonable salary, which is subject to payroll taxes. What are the Tax Preparation Requirements for an S Corporation?

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How Mike Habib, EA Can Help Los Angeles Business Taxpayers Resolve EDD Employment Payroll Tax Controversies

MyIRSRelief

Running a business in Los Angeles comes with its fair share of challenges, and one of the most daunting can be navigating the complexities of Californias Employment Development Department (EDD) payroll tax requirements. For business taxpayers facing EDD employment payroll tax controversies, the stakes are high.

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IRS Audit Defense & Representation: Expert Protection with Mike Habib, EA

MyIRSRelief

Receiving notice of an IRS audit can be one of the most stressful and intimidating experiences a taxpayer faces, triggering immediate concerns about potential penalties, additional taxes, and the complex process ahead. The three primary types of IRS audits each present different challenges and require distinct defense strategies.

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Seattle Tax Resolution Services: How Mike Habib, EA, Can Help Individuals and Businesses Resolve Tax Problems

MyIRSRelief

However, amidst the hustle and bustle, tax issues can arise, creating stress and financial strain for taxpayers. Whether its unfiled tax returns, back tax debt, 941 payroll tax issues, IRS levies, garnishments, or audits, these challenges can feel overwhelming.

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Enrolled Agent Near Me: Comprehensive Tax Services for Individuals and Businesses

MyIRSRelief

An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation and is empowered by the U.S. Department of the Treasury to represent taxpayers before the Internal Revenue Service (IRS) for tax issues including audits, collections, and appeals.

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Avoid Tax Scams with Mike Habib EA’s Trusted Tax Expertise

MyIRSRelief

They pressure taxpayers to act quickly, exploiting fears of IRS penalties or audits. Businesses, especially in industries like trucking or hospitality, face additional risks from fraudsters promising to resolve payroll tax issues without proper credentials. Scammers thrive on confusion and urgency.

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Hiring Independent Contractors? Make Sure You’re Doing it Right

RogerRossmeisl

If you’re among them, ensuring these workers are properly classified for federal tax purposes is crucial. It could lead to audits, back taxes, penalties and even lawsuits. Understanding worker classification Tax law requirements for businesses differ for employees and independent contractors.