Going through an IRS audit may prove both stressful and costly. No one can predict whether the tax agency will order an audit on a personal or business return. Still, past activity shows certain things may raise the chances of an examination. Washington taxpayers...
Business owners in Washington State are required to withhold certain federal taxes from their employees' paychecks. These taxes include federal income taxes, excise taxes, FICA, Social Security taxes and railroad retirement taxes. When business owners fail to collect...
If you earned money over the course of a given year, there is a good chance that you'll have to at least file an income tax return. Your marital status, sources of income and other variables will determine whether you owe money to the state of Washington or to the...
Unfortunately, there are cases where people are unable to produce the amount of money they owe the United States government in taxes. Residents of Seattle who find themselves overwhelmed by tax debt should educate themselves on how to better manage that debt and...
There are few things more certain for Washington residents than the yearly need to report income and settle any tax bills with the IRS. It is also common for slight changes in tax codes to affect the process each tax season. Taxpayers will likely notice several...
Washington taxpayers are required to pay any federal income taxes that they owe by April 15. However, taxpayers are allowed to request an extension to file their returns until Oct. 15. Take a look at the various penalties that you might face if you fail to meet a tax...
Every tax season, people from Washington to Florida will either make mistakes on their taxes or deliberately ignore paying them altogether. The IRS will take legal steps to ensure that you pay what you owe to the government. In fact, not paying may even lead to a...
Tax season is just around the corner for everyone in Washington and around the country. The filing deadline is typically in mid-April, but many individuals try to complete their taxes long before then. It is important to set up a payment plan, pay your taxes or file...
For most taxpayers, the idea of getting audited by the IRS is a troubling thought. While a tax audit is simply a review to ensure that individuals are reporting correctly and adhering to tax laws, it's an ordeal most people wish to avoid. The odds of the IRS selecting...
There’s nothing like being your own boss. However, the downside of only having to answer to yourself is that you are responsible for your own payroll taxes. To help lighten your tax burden, the IRS allows for several tax deductions. It’s important that you understand...
