Fairfax, Virginia business lawyer Elden Sodowsky is dedicated to providing current legal information to assist you with your IRS problems and business matters. He helps find solutions to his clients income tax and payroll tax debts and issues. Sodowsky is focused on helping his clients, whether it is setting up a new business or providing needed advice for an already-established company. He continually offers useful and important legal blogs regarding tax and business cases.
The IRS can impose substantial penalties on those who do not pay their taxes on time. Not only does this include hefty interest rates, but it can also include a penalty that is tacked onto the delinquent balance. None of this is fun, but the IRS also knows that it has significant leverage when dealing with those who do […]
Small Businesses Are at Higher Risk for IRS Audit It may sound counterintuitive, but smaller businesses have been at increased risk for an IRS audit for some time. This is due in large part to the ways in which they manage their payrolls. While larger businesses often have accountants themselves on the payroll, smaller business owners usually perform this task […]
Each time a new president is elected, they usher in their bold new tax plan that has Americans supposedly feeling better about their bottom line. Donald Trump is no exception. In 2017, President Trump not only announced major tax cuts, but also vastly overhauled the U.S. tax code. This includes the creation of new tax brackets. […]