USTI Review – Ken and Chirinjev P. – Greenville, SC August 2022
Working with the U.S. Taxes, Inc. team was as painless as taxes preparation can be! They handled our returns in a very professional and friendly manner. They listened to our concerns and answered our questions [...]
ADVT Review – Parth P. – Parsippany, NJ – July 2022
Great service!!!! Advanced Taxes client - Parth P. - Parsippany, NJ 7/26/2022
ADVT Review – Diane B. – Bridgewater, NJ – July 2022
I appreciate that you clarified the information on my tax returns. Please submit them electronically for me. I will send you a check for the preparation fee. I very much appreciate you helping me get [...]
Employment Classification for Tax Reporting – Independent Contractor or Employee
For proper tax withholding, tax reporting, and payroll processing, business owners need to correctly determine whether individuals' providing business services should be classified as employees or independent contractors. Misclassifying workers can lead to a business being liable for employment taxes for that worker and possible tax penalties. Learn characteristics for proper employment classification.
Employment Classification for Tax Reporting – Independent Contractor or Employee
For proper tax withholding, tax reporting, and payroll processing, business owners need to correctly determine whether individuals' providing business services should be classified as employees or independent contractors. Misclassifying workers can lead to a business being liable for employment taxes for that worker and possible tax penalties. Learn characteristics for proper employment classification.
Tax Filing Penalties and Interest and How to Dispute IRS Penalties
There are several reasons why the IRS assesses tax filing penalties. Note that the IRS is legally bound, under Internal Revenue Code (IRC) § 6601, to charge interest when a tax filer fails to pay the full amount of tax due to the IRS on time. Additionally, the IRS is entitled to charge interest on assessed penalties. Interest and penalties will continue to accrue until the outstanding tax due, interest, and penalties are paid in full. Learn about tax filing requirements and representation in the event that tax penalties and interest are assessed.