by Levins Tax | Sep 26, 2022 | Uncategorized
The Internal Revenue Service conducts different types of audits. This means that individuals often face different examinations when flagged for suspicious activity. Below, we take a comprehensive look at the four primary types of audits: Correspondence audits This...
by Levins Tax | Sep 22, 2022 | Uncategorized
Understanding the tax laws surrounding offshore accounts is vital, but it can be as confusing and overwhelming as it is important. There are many ways a person can commit tax crimes in relation to offshore accounts, often without knowing. Unfortunately, in the eyes of...
by Levins Tax | Sep 13, 2022 | Uncategorized
Tax deeds and tax liens are both tied to unpaid taxes. While they are grouped in the same category, each works differently from the other. Here is a quick look at the differences between the two. What does a tax lien mean? Tax liens are legal claims concerning unpaid...
by Levins Tax | Sep 13, 2022 | Uncategorized
If you employ individuals to work for you full-time, you must hold back part of their paycheck for income tax. The government requires all employers to collect and pay taxes in accordance with the Federal Insurance Contributions Act (FICA). Failure to abide by...
by Levins Tax | Sep 2, 2022 | Uncategorized
On May 16, 2022, the Supreme Judicial Court of Massachusetts (SJC) ruled against the Massachusetts Department of Revenue Commissioner in the VAS Holdings & Investments LLC v. Commissioner case. This ruling was a reversal by SJC of the Appellate Tax Board’s...
