Crowdfunding is an ever-growing tool used to raise money for anything from funding a business to making charitable contributions and gifts. It can even be used to simply help avoid economic hardship. Kickstarter and Gofundme.com are two examples of fund-raising…
Fail to Remit Payroll Tax? Criminal Liabilities May Attach Normally, whenever an employer fails to pay over payroll taxes collected from its employees, the IRS will impose a hefty Trust Fund Recovery Penalty, which may equal the amount of the…
In the middle of October, the IRS updated its procedure for issuing guidance using frequently asked questions (FAQs) on any newly passed tax laws. The IRS released a document providing a general overview clarifying taxpayers’ ability to rely on guidance…
