Storms do not wait for tax season. After the severe storms and flooding that began on August 11, 2026, individuals and business owners across Indiana, Illinois, and Michigan want a clear answer. Does the IRS tax relief August 2026 storm extension Indiana, Illinois, Michigan really help you? The answer is Read more
A storm does not wait for your accountant to catch up. It does not care whether you filed an extension. Understanding the Qualified Disaster Loss Form 4684 Rules decides how much of that damage your business can recover through the tax code, and most owners never read them until Read more
Selling your business is a huge milestone in your life. You spent many years working long hours to build your company. You poured your time, energy, and money into making it succeed. Now you are ready to move on to your next chapter. You might want to retire, start a Read more
Most business valuations give the owner one number. That is a mistake. A business is not worth the same amount to every buyer because not every buyer sees the same opportunity, risk, or future use. A financial buyer, an investor, and a strategic buyer may all look at the same Read more
You’re ready to sell your business. Whether you’re ready to retire, experiencing a major health event, or some other reason, you’ve decided to exit. You have an idea of how much your business is worth but most owners guess too high. Here’s why. Business valuation for small business owners rarely Read more
Yes. You can appeal an IRS lien or levy through one of two procedures: Collection Due Process (CDP) or the Collection Appeals Program (CAP). They are not interchangeable. A timely CDP hearing can preserve your right to later review by the U.S. Tax Court. CAP is broader and faster, but Read more
A payroll tax levy is one of the most serious IRS collection threats a small business can face. When a business withholds payroll taxes from employee paychecks but does not send those funds to the IRS, the problem can move quickly from a business tax debt to a personal liability Read more
Many Taxpayers Still Have Not Claimed Their 2022 Refunds Most people think an unfiled tax return matters only when they owe money but that’s not always true. Sometimes a person skips filing, but the government owes that person a refund. That is happening right now with many 2022 returns. The Read more
Many tax professionals know the rules of Circular 230, but many business owners do not and trust that their tax advisor follows them. And understanding the seriousness of the expedited suspension rule is vital for business owners and tax professionals to stay IRS compliant. Under this rule, the government may Read more
Tax problems are stressful. Tax fraud and scams make them worse. Many people know when something feels wrong, but they do not know what to do next. That delay can create bigger problems. The IRS has made it easier for people to find where to report suspected tax fraud and Read more