According to the Internal Revenue Service (IRS), there’s about $450 billion missing from its coffers. The money wasn’t stolen so much as it was never delivered in the first place. That’s the estimated “tax gap” the IRS believes exists between what taxpayers should be...
Month: November 2020
Common payroll mistakes made at companies
Your payroll department should consist of a team that is reliable, trustworthy, experienced and can meet deadlines. At the same time, this team of bookkeepers should have a solid business background and technology skills and a firm understanding of compliance matters....
What happens if a loved one dies owing money to the IRS?
You’ve always paid your income taxes in full and on time. You’ve never had a problem with the Internal Revenue Service. Now a loved one has died, and it turns out they owed the IRS some money – a lot. While some debts disappear after the debtor dies, that’s not true...