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February 14, 2025 in IRS Tax

Texas Car Dealership form 8300 reporting requirements

Texas Car Dealership form 8300 reporting requirements Form 8300 Reporting Guidelines for Dealerships Vehicle Purchase and Additional Transactions If a customer buys a vehicle for $9,000 in cash and later spends $1,500 on repairs, accessories, or customization within 12 months, Form 8300 is not required unless the dealership knew or…
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February 12, 2025 in IRS Tax

IRS Audit Reconsideration for missed tax court deadlines

IRS Audit Reconsideration for missed tax court deadlines Audit Reconsideration Process (IRS & State Tax Authorities) Audit reconsideration is a process that allows taxpayers to request a review of an IRS or state tax agency audit assessment if they believe the findings are incorrect. This process is used when a…
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January 14, 2025 in IRS Tax

What is IRS backup withholding tax for contractors

What is IRS backup withholding tax for contractors When you have contractors that worked for your business, you need to issue a 1099 when paying them more than $600 dollars. However, you as the business owner can be liable for their tax. When the contractors do not have a taxpayer…
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December 13, 2022 in IRS Tax

Only fans IRS criminal tax investigation attorney

Only fans IRS criminal tax investigation attorney In 2020, OnlyFans posted a gross revenue of $2.3 Billion. Just one year later that figure increased to $4.8 Billion. When the IRS sees that a single industry is producing this level of growth and revenue, it is just a matter of time…
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