Small Business

IRS Tax Tip: Individuals Who Need to Reconstruct Records After a Disaster

Taxpayers who are victims of a disaster might need to reconstruct records to prove their loss. Doing this may be essential for tax purposes, getting federal assistance, or insurance reimbursement. IRS Tax Tip 2017-54, October 4, 2017 Here are 12

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California Extends Offer In Compromise Program For Five Years

California’s Governor Brown has signed a bill (AB 525) which extends the life-span of the Board of Equalization’s (BOE) Offer in Compromise program for an additional 5 years. Offer in Compromise is a state program that allows small businesses to

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What To Do If You Miss the IRS Tax Filing Deadline – What if You Can’t Pay?

Whether you need to file a tax return or not depends on your gross income, filing status and age.  Generally, you’re not required to file a return if you’re under the filing threshold which is the combination of your standard

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IRS Shuts Down Mom And Pop Dressmaker, Sells Dresses Within Hours

The unmarked vehicles arrived in the morning. More than 20 armed agents poured out. Hours later, Mii’s Bridal & Tuxedo was out of business after serving customers for decades. Its entire inventory of wedding gowns and dresses as well as

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