On: January 31, 2024
Small businesses in California are ever important as they help fuel the economy and meet the needs of other businesses and residents throughout. As a small business owner, you are required to comply with all of California’s tax regulations and rules – which can definitely become confusing quickly. There are multiple agencies that handle different […]
On: January 21, 2024
If you have just received a Notice of Intent to Levy from the IRS, you may be wondering just what you need to do. As you frantically try to figure out what is going on, you likely have a bunch of questions flying through your mind right now. One of the most important things to […]
On: January 11, 2024
The IRS wants perfect tax returns with no errors but the reality of it is that is just not possible. Between human error and computer error, there are bound to be returns that require attention. One of the most common issues that arise with taxpayers and puts the IRS on alert is underreported income. Failing […]
On: January 1, 2024
If you have never owed the IRS money before, the terms tax lien and tax levy are probably new to you. These two terms describe different actions that the IRS can take to collect on a debt that you owe them. Tax liens and levies are serious things and they can cause a lot of […]
Learning that you have a pending wage garnishment is enough to ruin your day. You probably have a bunch of questions soaring through your mind right now along with a little bit of panic. Fortunately, a wage garnishment can be stopped, but you must act fast. Hiring Leading Tax Group is a great move when […]
You come home from work only to open the mailbox and find a letter sitting inside from the IRS. Questions start circling through your brain immediately and your heart starts to pound. What could they want? The IRS sends out notices to taxpayers for a multitude of reasons with the most common one being that […]
On: December 2, 2023
Cryptocurrency has become a rising and popular form of digital currency within the United States. The IRS has started to take a stance on cryptocurrency and has put guidelines in place to ensure that anyone with cryptocurrency claims it on their taxes. Since cryptocurrency is still relatively new, especially the taxation portion of it, taxpayers […]
The IRS has many forms of collection actions they can take against you when you owe them money. The IRS takes tax liabilities seriously and will pursue you until they have been paid in full. This can mean that they go to extreme measures such as revoking your passport, seizing your assets, or any other […]
If you have an outstanding tax liability owed to the IRS, it is likely that you will also face some interest and penalties attached to it. The IRS has different types of penalties that they can attach to your tax liability and the longer your owed taxes sit, the more penalties and interest that will […]
On: November 2, 2023
Did you just receive a notice in the mail from the IRS that you have a tax lien? The IRS has the ability to issue a tax lien against you when you have unpaid taxes owed to them and this lien helps to secure the collection of owed taxes from you. Fortunately, you do have […]