• Employees required to report to a meeting place before going to a work site must be paid for travel time between the meeting place and work site. For example, carpenters required to report to a tool shed to pick up tools must be paid for travel time from the tool shed to the job site (but not travel time from home to the tool shed).
You must pay employees for travel time among job sites during the work day and for travel time from the last job site to your office (or other company location) before they return home
The Cohan rule permits taxpayers who lack records of actual expenditures to ask the
IRS and Tax court to rely on reasonable estimates. But the estimates must have a factual or rational basis
Paid time-off (PTO) plans. PTO does not distinguish
between vacation, personal or sick days. This gives
employees some flexibility: Some states require paying
out unused PTO at termination as earned time
There is another provision in the tax code for taxpayers that owe less than $50,000 including penalties and interest. It is called The Streamlined Installment Agreement. The time limit is for payment over 72 months with IRS supervisor approval
A tax levy is the seizing of a taxpayer's assests to pay the back tax debt. This include a garnishment of wages, a seizure of everything in the taxpayer's bank at a given time, Once a tax levy as been issued there is a opportunity to have it released and the money put back !!
An ETA Offer-in-Compromise is an Offer in which the taxpayer can full-pay the tax but where, for public policy reasons, the IRS should not require them to do so and should accept less than the full amount due. A DCSC is an Offer-in-Compromise where the taxpayer does not have the ability to full pay the tax liability and has proven special circumstances that warrant acceptance for less than the amount of the calculated RCP. The factors considered by the IRS for both an ETA and DCSC include the following: economic hardship, public policy or equity grounds and the compromise would not undermine compliance with the tax laws.
A DATL is an Offer where the taxpayer requests the IRS to compromise the assessed liability not because they cannot make payments, but rather because the taxpayer does not truly owe the tax. The taxpayer who believes they do not owe the IRS the money claimed may file a DATL with the IRS, which is done by completing Form 656-L
Member National AssocIation of Enrolled Agents (NAEA) ADMITTED TO PRACTICE BEFORE THE IRS, National Association of Tax Professionals {NATP}, American Institute of Professional Bookkeepers (AIPB).
If you OWE TAX, I can HELP WITH Offer in Compromise, Installment Agreement and Appeals. i can reduce or eliminate your tax debt
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I can help reduce or eliminate you tax debt !. I offer Penalty abatement, Offer in compromise, Installment Agreement, and Appeals
Lawrenceville, Georgia, United States
(678) 448-8534 Accounting806@att.net Paulb@paulbaccastax.com
Monday - Friday: 9am - 5pm
Saturday: By appointment
Sunday: Closed