by Levins Tax | Apr 1, 2022 | Uncategorized
Running a business can be difficult, but it’s important to make sure that you’re doing everything within legal confines. One thing you want to avoid is facilitating tax evasion in your business. This can get you into a lot of trouble with the IRS and could even lead...
by Levins Tax | Apr 1, 2022 | Uncategorized
State and federal laws require many employers to take certain deductions from their employees’ paychecks. Whether they must deduct anything depends, in part, on the workers’ employment status. For example, employers who have independent contractors (ICs) may not be...
by Levins Tax | Mar 31, 2022 | Uncategorized
Many individuals worry about receiving a letter from the Internal Revenue Service (IRS) notifying them that their taxes are being audited or, worse, that the federal agency has determined that they owe back taxes. Individuals who receive such correspondence may view...
by Levins Tax | Mar 29, 2022 | Uncategorized
Multiple global forces have contributed to increased tax audits, assessments and disputes arising from international revenue authorities. Both direct and indirect taxes are susceptible to these situations. The new circumstances require multinational companies to...
by Levins Tax | Mar 22, 2022 | Uncategorized
Having an offshore account is legal as long as the account holder follows the required disclosure and filing mandates outlined by the IRS. Foreign banks also require that their clients comply with the local and international tax laws to avoid litigation risks with...
by Levins Tax | Mar 15, 2022 | Uncategorized
Paying taxes is inevitable, but if you receive a notice from the Department of Revenue (DOR), you might feel a sense of anxiety or fear. In some cases, you may be able to dispute DOR notices or create a more manageable payment program if the tax amount is...
by Levins Tax | Mar 11, 2022 | Uncategorized
Federal tax law is complicated. Oftentimes, tax disputes and conflicts can occur among individuals and organizations. Taxation disputes have proved to have costly impacts, like interest imposition and penalty assessments, back tax, and sometimes criminal charges....
by Levins Tax | Mar 11, 2022 | Uncategorized
On February 10, 2022, the Commonwealth of Massachusetts Department of Revenue announced changes to the upcoming tax season. These changes pertain to Chapter 62 personal income tax filing and deductions. Here are highlights of some of the main changes. Updated due date...
by Levins Tax | Mar 10, 2022 | Uncategorized
It is common for people to try and find ways of evading taxes. After all, no one wants to pay a huge amount of taxes. However, state tax authorities and the IRS take tax evasion seriously. Below we take a comprehensive look at key facts on tax crimes and how the IRS...
by Levins Tax | Mar 10, 2022 | Uncategorized
Many taxpayers have a preparer to take care of filing their returns on their behalf because they don’t want to make any mistakes themselves. However, that isn’t always the safest approach. There are plenty of anecdotes circulating online where taxpayers describe...
