If you owe money to the IRS but are unable to pay the full amount, you may be eligible to settle your tax debt for less than you owe. It's called an Offer in Compromise, or OIC. This is an agreement between you as the taxpayer and the IRS that settles a tax debt for less [...]
This article was published by the IRS. The Internal Revenue Service has issued frequently asked questions in Fact Sheet 2026-02 to help taxpayers, businesses, and other stakeholders understand the changes under Executive Order 14247: Modernizing Payment To and From America’s Bank Account. “These FAQs support the Executive Order in its effort to reduce fraud, improve security, [...]
This article was published by the IRS. It’s halfway through the year, which is a great time for taxpayers to do a quick check to make sure they’re on a smooth track to next filing season. Here are some tips: Keep good tax records. Taxpayers should keep all important tax records in one place. They can [...]
Corporations are treated by the law as legal entities. That means the corporation has a life separate from its owners, and has rights and duties of its own. The owners of a corporation are known as stockholders, or shareholders. A corporation can have one or many shareholders. Corporations are typically managed by directors or officers, who [...]
Have you ever given someone a ride to the airport, delivered food, rented out your house, or taken on freelance work through an online platform? The gig economy, also known as the sharing or on-demand economy, is transforming how millions of people work. But what exactly is it, and what should you know if you're part [...]
