by GruffyGoat Team | Oct 1, 2015 | IRS
The IRS announced that interest rates on overpayments and underpayments will stay the same for Fourth Quarter 2015. Here are the details: 3% for overpayments (2% percent in the case of a corporation) 0.5% percent for the portion of a corporate overpayment exceeding...
by GruffyGoat Team | Sep 25, 2015 | Retirement, Small Business
Many small business owners may not be aware that they are required to file a return with the IRS for their retirement plan. If you miss filing a Form 5500-EZ and you have a small business retirement plan, you may face stiff penalties of up to $15,000 per missed...
by GruffyGoat Team | Sep 23, 2015 | Taxes
Back in earlier times, if you didn’t pay your taxes you’d be sent to debtor’s prison until you or a kindhearted family member came forward to pay what you owed. Thankfully, those days are long gone. But people still face the problem of owing more in...
by GruffyGoat Team | Aug 25, 2015 | Scams
It may be the tail end of the summer season, but that doesn’t mean tax scammers are taking a vacation. Even though the traditional tax season is still several months away, tax fraud schemes are in full swing. In one of their most recent Tax Tips,...
by GruffyGoat Team | Aug 18, 2015 | IRS
The IRS has information-sharing agreements in place with numerous state and local governmental agencies. Under IRC section 6103(d), the IRS is authorized to share information about the payment of federal taxes with state and local tax authorities in order to help...
