A Failure to File penalty can be almost as damaging as a Failure to Pay penalty, but there are different alternatives to resolving your tax debt if you cannot pay what you owe....
Continue readingRetirement planning can never start too early, but regardless of your stage of life it’s important to understand the different vehicles available to help save on tax burdens....
Continue readingMike O’Shea is Partner and Co-Founder of Family Law Partners, a Chesterfield-based firm that exclusively practices family law, and he joined the STL Tax Lawyer Mark Milton to discuss the tax consequences every person facing divorce should keep in mind....
Continue readingThe economic downturn caused by COVID-19 has been a struggle for small businesses, but STL Tax Lawyer Mark Milton explains why, especially during tough economic times, small businesses should comply with their payroll tax obligations....
Continue readingMissouri State Treasurer Scott Fitzpatrick was a guest on The Mark Milton Show podcast to talk taxes, starting his own dock building and repair business at 16 years old, his time in the Missouri Legislature, his duties as Treasurer, and 529 college savings plans....
Continue readingOne option if you’re a taxpayer who owes federal and/or state back taxes is to attempt a settlement with the IRS. This is called an Offer in Compromise (OIC)....
Continue readingIndividuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed, according to the IRS. ...
Continue readingIt’s important for buyers to beware when choosing between a professional, licensed tax attorney and a non-attorney tax resolution option....
Continue readingThe worldwide COVID-19 pandemic has given relief to taxpayers in a number of ways, but most prominently has been the IRS giving relief on tax collections efforts until July 15....
Continue readingThe anticipated economic stimulus plan will provide direct payments to millions of Americans, but many people have questions: How much they will receive? How will payments be determined? How will payments be sent/received? When will payments be sent? How does existing tax debt impact the eligibility for a payment? ...
Continue reading