The idea that there’s no such thing as a free lunch could eventually ring true for employees who get complimentary meals at work, as the Internal Revenue Service and Department of the Treasury have taken a step closer to potentially taxing such meals. Last year, the IRS suggested in its Priority Guidance Plan that it was exploring modifying sections of the Tax Code concerning employer-provided meals that it believed were problematic.

The trust fund recovery penalty allows the IRS to collect the unpaid withholding taxes from the assets of the owners and operators of businesses. It penalizes those who had control over the decision to divert the payroll money from the IRS to other creditors of the business. The trust fund recovery penalty is equal to the income taxes, social security taxes, and Medicare taxes withheld from employee paychecks. 

General Information on Trademark Law

Affordable Care Act, Taxes, Fines and Employer Mandates

Tax on Inherited IRAs

Vote on proposed Alabama Flat Income Tax has been delayed.

The number one cause for divorce is not adultery, but finance-related tensions.

Alabama has passed into law the most impressive set of economic development tax credits in decades. 

There is a way to make tax liens disappear from your credit reports completely, and quickly, though. Unfortunately, not all taxpayers who are dealing with this problem know about it.

When couples divorce, property transfers and alimony payments will usually result in a substantial tax impact to the parties.

I have provided 5 often overlooked tax deductions that just might save you real money on your taxes this year.

As we approach another tax season, an area of taxation that can be complicated for taxpayers involves the tax treatment of irrevocable trusts.

An offer in compromise allows you to settle your tax debt for less than the full amount you owe. 

An individual who can qualify as a “real estate professional” for federal tax purposes enjoys some unique tax benefits.  

Grandparent visitation rights in Alabama. 

This post provides guidance for the process of drafting domestic relations orders that qualify as QDROs in a divorce. 

Most states maintain some sort of successor liability provision in their tax statutes. 

Self-employed individuals and employees who work out of their home are allowed to deduct business expenses relating to part of their home.