If the IRS doesn't collect the balance within the statute, the rest is essentially written off, and any federal tax liens that have been filed for the balance are released. However, the general ...

To discourage corporations from switching to S status just to avoid tax on asset sales, the federal government taxes such sales at 35 percent, the top tax rate. The corporation, not you and the ...

Plenty of online tax filing programs can help you take care of your taxes. Tax planning can be a yearlong process, but it's an essential part of managing your money. And if you have to file quarterly ...