Here in Louisiana, we pride ouselves on our local businesses. But how does someone start a small business? Where do you even begin? David Bordelon gives us a few great tips for those who want to start their own small business.
Here at Bryson Law Firm, LLC, we frequently receive calls from individuals who are trying to purchase a home or sell their current home, but are prevented from being able to due to an IRS tax lien filed in the public records and/or with the credit bureaus. I wanted to take this opportunity to explain to anyone in this situation some of the options available to you.
Remember a time in the not-so-distant past when renting a movie meant loading the entire family into the car and driving to the local Blockbuster store? A small thing would happen after you paid at the register: at the bottom of the receipt, just above “Be Kind, Please Rewind” would be a line for sales tax paid. With on-demand movies there is no receipt, but is there a sales tax?
Let me set the stage: A man and woman meet in high school and are married soon after graduation. Wife works a few part time jobs before becoming a stay-at-home mom. Husband continues to work in construction as an Independent Contractor for the next several years while Wife raises their 3 children. Husband was responsible for all financial affairs on behalf of the family. Wife is given a monthly allowance and runs any large purchases by Husband first. She has no idea how much money Husband makes, how much money they have in the bank, etc. Many years down the road, Husband decides to divorce Wife and leaves her with nothing. Just as she feels she's built up a new life on her own- got a job, opened her own bank account, rented her own apartment, etc- BAM! The IRS begins garnishing her wages for a tax debt incurred during her marriage because Husband was not filing and paying in taxes throughout the years.