business travel

Deducting Business Travel

As a business owner, there comes a time when you have to travel to a convention, or to a client’s location in order to attend a seminar, workshop or close a business deal.  When your business requires you to travel beyond the boundaries of your business structure, it is critical that you carefully document this …

Employee vs Contractor Classification

Classification Classification of employees and contractors are crucial from the beginning and can lead to serious tax problems in the future if not done correctly.  Most businesses hire employees and from time to time depending on the nature of your business, may need to hire an outside expert to help with special projects. As the …

CNC

Currently Not Collectible Status

Currently Not Collectible The currently not collectible status may be your solution to temporarily delay or permanently defer payment of tax debt.  This does not mean that the tax debt goes away, yet it may provide you with some immediate tax relief.  Yet as the months and years pass by, the IRS obligation to collect …