Tribal tax credits for sale: what the IRS says is real
The IRS says the tribal tax credits promoters are selling don't exist. Here's how a real federal credit transfer works and how to tell them apart.
The IRS says the tribal tax credits promoters are selling don't exist. Here's how a real federal credit transfer works and how to tell them apart.
The federal 1099 threshold is $2,000 for payments made after 2025. Backup withholding remains, and Oklahoma's Form 501 still prints its own figures.
The IRS proposed rules for paying farmland-sale tax in four installments. What Oklahoma sellers, tenants-turned-buyers, and family entities should know.
How a cash payment over $10,000 turns into a Form 8300 filing, a January customer statement, and a five-year record, and where Oklahoma businesses slip.
Six beliefs employers hold about federal payroll tax deposits, checked against IRS Notice 931 and the failure-to-deposit penalty tiers of 2% to 15%.
How the IRS certifies seriously delinquent tax debt to the State Department, the notices involved, and the eight off-ramps that stop or reverse it.
How the IRS partnership audit regime makes a multi-member LLC pay tax at the top rate, and the elections and operating-agreement terms that change who pays.
How an Oklahoma business owner's Tax Court case moves from petition to calendar call, where the place-of-trial and S-case choices bite, and the 2026 changes.
IRS Notice 2026-54 gives Oklahoma ranchers more time to replace drought-sold breeding stock. How the deferral works, what it excludes, what an examiner asks.
Audit selection is usually driven by statistical scoring, income mismatches, industry risk factors, or related-party connections, with only a small share being purely random.
When the IRS files a substitute return using only third-party income data, it usually overstates the tax owed, but filing your own accurate return afterward can correct it.
Unfiled returns are a common and fixable problem, but filing voluntarily and getting current is usually the necessary first step before any debt resolution option is available.
Tax Court lets you dispute an IRS assessment without paying first, but strict deadlines and real litigation costs mean it isn't the right path for every disagreement.
The IRS Independent Office of Appeals offers a fresh, litigation-risk-aware review of disputed audit results, and most cases settle there before reaching Tax Court.
Currently-not-collectible status pauses active IRS collection for taxpayers facing genuine financial hardship, though the debt, interest, and any lien generally remain.
The IRS generally has ten years from assessment to collect a tax debt, but bankruptcy, offers, and appeals can pause the clock, so verifying the real expiration date matters.
Unpaid payroll taxes escalate quickly, carry personal liability for owners, and in serious cases can threaten the business itself, making early action essential.
Under IRC section 6672, the IRS can hold owners, officers, or bookkeepers personally liable for unpaid payroll taxes, bypassing the usual corporate liability shield.
Innocent spouse relief can separate a taxpayer from liability created by a spouse or ex-spouse on a joint return, but timing and evidence of what you knew both matter.
Reasonable cause relief requires showing ordinary care and prudence despite circumstances like serious illness, death, or disaster that prevented timely compliance.