If you are a Washington business owner who owes back taxes to the IRS, it is in your best interest to settle your debt as quickly as possible. This is because interest will continue to accumulate on any outstanding balance until it is repaid, and you could incur...
For most people, receiving a letter from the IRS is a harmless communication or a helpful reminder. For some, however, it means that something has gone terribly wrong. Even worse, however, is when you are held responsible for issues created by your spouse. Whether you...
Tax audits from the IRS are on the top of many people's lists of worst-case scenarios, but there are some reasons that put people at greater risk of being audited. While there's no fool-proof way of ensuring that you're never audited, there are some ways that you can...
Residents of the Seattle area and other parts of Washington who are interested in Bitcoin may want to know more about the new tax rules regarding cryptocurrency. In order to deter tax evasion and illegal activity, the Treasury Department announced that it will require...
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...
