Determining if your Employee Retention Tax Credit is legitimate and was filed correctly is a matter of asking these questions.
Can you serve tax fraud jail time? Learn about tax evasion penalties, possibility of a prison sentence for crimes, fines & other tax return laws & punishment
In the midst of tax filing season, it’s common to start worrying and thinking about taxes on a trust fund.
It’s really important you’re aware of the use tax vs sales tax differences: how they’re applied, when they’re applied, and in what instances they might apply to you.
As with anything tax-related, it’s not always straightforward.
So, join us as we answer questions such as “what is the difference between sales tax and use tax” and “is use tax the same as sales tax”.
In an ideal world, everyone would be able to pay their taxes in full and on time, but sometimes it just isn’t possible. If difficult circumstances mean that you are coming up short during a tax season, it is probably the source of a lot of stress and anxiety.
The instinct to avoid the issue may be strong, but it can cause your problems to multiply exponentially. Interest, penalties, and other severe consequences can begin to build up. The most important thing for anyone struggling with their taxes to know is: