Archive for 'Tax'

It is often desirable to operate a new business though a business entity which provides restrictions on the personal legal liability of each owner as well as other tax and operating advantages. For business owners who have come to the conclusion that they need a business entity, the choice between a corporation or an LLC (Limited Liability Company) is a popular decision that our attorneys help clients make every day. While corporations are tried and true, having proven themselves to ...

As the recession grows in size and scope, cancellation of debt income and insolvency tax issues have been important planning considerations. However, not to be left in the shadow of these major issues is the government’s commencement of efforts to enforce and improve compliance in the area of employment taxes.

The IRS has commenced a major initiative of enforcement with regards to employment taxes, including hiring on new agents specifically tasked with employment tax enforcement. Why? Simply because ...