Tax Problems – Page 11 – Fiducial Blog

What is an IRS Penalty Abatement and Am I Eligible for One?

March 9, 2020

Several types of IRS penalties can be assessed against you. But the IRS can issue a penalty abatement if you think you’ve been wrongly penalized.

Using an S Corporation May Help Business Owners Reduce Tax

March 6, 2020

Is your business a sole proprietorship or an LLC? Are you paying both income tax and self-employment tax? You may cut your taxes by using an S corporation.

What Are My Chances of Being Audited and How Can I Reduce Them?

March 2, 2020

Your chances of being audited are pretty rare. Fewer than 1% of taxpayers will get that notice on IRS letterhead. Here are some tips to lower your chances.

Unexpected Tax Bill? Fiducial Budget Tips Can Help You Cover It

February 26, 2020

When you’re hit with a large, unexpected tax bill, it can be shattering. People who owe significant amounts of money have several options available to them.

Wayfair Revisited — It’s Time to Review Your Sales Tax Obligations

February 17, 2020

A state is constitutionally prohibited from taxing business activities unless those activities have a substantial “nexus,” or connection, with the state.

Filing Status Changes May Bring Unwelcome Surprises

February 12, 2020

Filing status changes because of a life event can have major ramifications. Marriage, divorce, separation or death of a spouse can change your tax status.

How Can I Prove Financial Hardship to the IRS If I Can't Pay My Taxes?

February 7, 2020

It’s that time of year again, and you may sincerely wonder how you will pay your tax bill, explore payment or alternative plans with the IRS.

Marriage and Taxes: How saying 'I Do' Changes Things

January 29, 2020

Have you considered the ways marriage may affect your taxes? In this blog, Fiducial breaks down the pros and cons of filing status and more.