S-Corporation Save Tax First off for clarification, as most don’t know the difference, an S-Corporation is not always a corporation. An S-Corporation is strictly just a tax entity, whereas an LLC or Corporation are legal entities. However, in order to be taxed as an S-Corporation, you will need to first…
Recently, the IRS has unleashed four private debt collection agencies to farm out tax debts. In 2015, under Section 32102 of the Fixing America’s Surface Transportation Act (FAST Act), Congress authorized the outsourcing of tax collections by the IRS to 4 private agencies. Now the IRS has recently begun to…
Cryptocurrencies And Taxes taxLately, I have noticed a small but consistent increase of employers using Bitcoin and other cryptocurrencies to pay their employees instead of using physical currency. I started to research more about cryptocurrencies and if, these virtual currencies, are also subject to taxation just as much as physical…
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