even deliberately so- be misleading. These include the newly implemented Hire Act credit. As well

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Tax Tips for Construction, Architecture, and Engineering Firms Expert Author: John C. Many of these people have purchased a home for them or their family and are concerned about the taxation implications if they move and then later on decide they want to sell. Here's some semi-good news, having unpaid back taxes and not being able to pay them, is a very common thing to the IRS. In an average year, about 19 per cent of the people in the United States have unpaid back taxes. The number of taxpayers with back tax issues is increasing as well. The IRS has stated that both business and individual tax filings and payments are down because people are just plain struggling to pay their tax bill and cope with their living expenses. They would also want you to know that the worst thing you can to do is to neglect paying taxes, as they just keep adding up. A lot of people try and get back on track on their own, without even fully understanding their own taxes or the system. This is when hiring a professional would be a smart idea. They are often ex-IRS tax attorneys or other qualified tax professionals who know everything about filing taxes and all of the options for catching up with back owed taxes. Headlines in the news, at first blush, can -and often will be, even deliberately so- be misleading. These include the newly implemented Hire Act credit. As well, your company may also utilize state enterprise zone credits and the WOTC tax credit. Some of these credits are based upon whom you hire, while others require your corporation to make certain types of business-related purchases. If you own a company in California, you will be pleased to learn that there are California hiring tax credits available that can lead to several thousands of dollars being eliminated from your annual tax bill. There are some procedures with the help of which you can appeal against IRS collections action. Smith Business process outsourcing is the buzzword in the industry today. Financial services, banking, retail, logistics and allied sectors are following the trend of outsourcing. Accounting professionals and experts alike are expecting this trend to accelerate and have pointed out that approx 2 million jobs in the financial services sector will be outsourced to countries like India, Malaysia, Philippines and China. The Injured Spouse Allocation is used to protect one spouse's share of an overpayment (IRS refund) from being applied to a past-due obligation.