LEGAL BUDDY NEWSLETTER: BUSINESS AND TAX TIPS AMG Counsel Attorneys & Advisors
Owe the IRS money; an Offer-In-Compromise might save the day!
The objective of the Offer-In-Compromise (OIC) program is to accept a settlement when acceptance is in the best interests of both the taxpayer and the government, and promotes voluntary compliance with all future payment and filing requirements.
Handling your business taxes; here are some tax deductions for you!
No matter what your business is or what industry you’re in, there are plenty of tax deductions available to claim. You might be surprised to learn that simple business expenses like your cellphone bill or your new computer can be deducted from your taxable income.
Use this checklist to determine what small business tax deductions you can take advantage of for the 2022 tax season.
Someone owe you money? Send a Demand Letter NOW!!
A demand letter is when a person or business sends notice of a debt that has become significantly overdue, and it appears that the person or company who owes the money has little to no intention of making payment. In such a case, the letter is used to state, in a demanding manner, that money is due immediately and includes the exact amount that is owed.
Ready to pass the house to your kids? Make sure they get a Step-up in basis?
When setting up an inheritance, taxes can be a tricky point to consider. Luckily, a step up in basis can help anyone who inherits an asset save big on tax costs.
Ready to learn more about this possible way to save on taxes? Here’s what you need to know.
No Receipts for the IRS tax audit; these tips are for you!
If you are faced with proving items reported on your tax return, you may find it difficult or impossible to find proof for every item the IRS is questioning. It may be smarter to hire a professional to sort out the details and work directly with the IRS. But what happens if you don’t have all the information to prove items on your return?
Navigating legal issues can be complex and overwhelming. Don’t go through it alone!
Our team of experienced legal professionals is here to provide you with the professional help and guidance you need. Whether you’re facing a personal or business-related legal matter, we have the expertise to assist you.
Take the first step towards resolving your legal challenges by scheduling a consultation today. Click the button below to book your appointment and let us help you find the best legal solutions for your needs.