News

Good to know:  There are specific steps that the IRS must go through before a wage garnishment goes into place:

If you're behind on your payroll tax, the IRS would rather put you out of business than allow you to keep accruing unpaid payroll tax.  In the eyes of the IRS, if you're not paying the payroll tax, you're stealing from your employees.  So rather than allow you to continue stealing, they see it was their rightful duty to shut you down.

Answer: Maybe.

The Internal Revenue Service issued advice on Friday to employers who outsource their payroll duties to third party providers.

The Louisiana Department of Revenue has issued a release reminding buyers and sellers about the annual 3-day Second Amendment Weekend Sales Tax Holiday for individuals' purchases of eligible firearms, ammunition, and hunting supplies.

The IRS criminal investigation division started and completed more investigations of tax crimes last year as it continues to ramp up enforcement efforts.  The criminal investigation unit surpassed its 2010 goals in several different areas.

A new report concludes that the IRS needs to improve the timeliness and accuracy of it's response to complaints from taxpayers about math error adjustments. 

The IRS announced last week that the interest rates for the fourth quarter will decrease beginning October 1, 2011. 

The IRS will be attempting to track credit and debit card purchases more closely to spot any discrepancies with the income claimed on tax returns.

If you had a serious sickness, you would realize that your time might be limited. You don't have an idea how long it will be before the sickness takes over your body – possibly making treatment futile. Would you go it alone?