Under the U.S. Tax Code, both employees and employers are required to pay certain taxes which are used to fund various government programs. These withholding taxes are deducted from an employee's paycheck and employers must report such withholdings...

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If conducting a national survey about paying taxes, you'd likely be hard-pressed to find many individuals or business owners who enjoy handing over their hard-earned income to the Internal Revenue Service. Regardless, U.S. citizens and those working...

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When it comes to compliance issues related to tax laws and regulations, the Internal Revenue Service is known for having an unforgiving and stringent approach. However, despite the IRS' inflexible approach to compliance issues, the agency routinely...

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Business owners must often hire accountants and other tax professionals to provide financial advice and to prepare and file tax-related documents. Those who choose to handle complex financial and tax matters on their own run the risk of making...

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There are multiple reasons why someone may not file a tax return by the date it is due. Sometimes it’s the result of procrastination. In other situations, a person may avoid doing it because they owe money and are unsure of how to cover that...

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With 2014 drawing to an end, Ohio residents are gearing up for a New Year and a fresh start. While individuals may be contemplating their New Year's resolutions, small business owners are busy planning and preparing documents related to...

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It's one of the worst nightmares a taxpayer can face: finding oneself under investigation by the federal government for suspected criminal tax offenses. There are few things that can be scarier and more intimidating for a taxpayer than being...

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With the millions of individual, business, estate and other tax returns filed with the IRS all year round, you might wonder how the agency could possibly find out if a taxpayer’s refund claim is bogus. Whether the excessive refund claim is due to a...

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One’s college years are often associated with learning and a time of great personal growth. For many college students, the years spent studying and attempting to obtain a degree are also marked by financial insecurity. 

According to the National...

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Each year as the April 15 tax deadline approaches, millions of U.S. citizens dutifully file their income tax returns and write out checks to the Internal Revenue Service. The U.S. tax system is among the most complicated and, some contend,...

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