If you’ve succeeded in starting your own business, then you know that it comes with its twists and turns, triumphs and failures! One of the new challenges that come with owning a business is navigating tax season. Filing taxes for a small business, or your own business in general, becomes incredibly more complicated compared to what you may have been used to in the past. There are some very important things you can do to prepare for filing your taxes including getting started ahead of time, and calling the tax professionals at Tax Relief USA to help.

There are several steps to take when you are starting your business — including a well-thought-out and written plan, a solid business structure, a registered business name and website, and a budget.

Whether it’s an employee making an honest mistake, a bad accountant being careless, or some sketchy bookkeeping, embezzlement happens.

If you receive an order for wage garnishment, don’t fret, there are some things you can do to stop it from getting worse — and in some instances — stop it completely in its tracks. So, if you do ever find yourself staring down a wage garnishment order, remember that there are protections in place and exemptions that can go against orders of wage garnishment.

The IRS defines a levy as a legal seizure of your property to satisfy a tax burden. You may have heard of a property lien, which is different from a levy. A lien is a legal claim against a property to ensure payment of back taxes. A levy is actually satisfying the tax burden by taking the property in lieu of payment. The Internal Revenue Code can levy a lien, unless that property is initially exempt from levy by the IRC. 

If you received a letter from the IRS don’t worry – you're not alone, millions of Americans receive letters from the IRS every year.  They send these out every year for a multitude of reasons, so it’s important to first not panic, and second, don’t ignore it. There are a few first steps to take if you received a notice in the mail. 

An IRS audit sounds scary, but really it’s quite common and an audit does not automatically indicate a problem.