What Factors Does the IRS Consider for Hobby or Business in Delaware?

Understanding whether your activity is a hobby or a business can help you take advantage of tax breaks and avoid adverse action by the IRS. Here's what you need to know about the IRS criteria.…

Complying With Estimated Quarterly Taxes in Delaware

Table of Contents Complying With Estimated Quarterly Taxes Who Is Required to Pay Estimated Taxes? Why Do I Have to Pay Estimated Taxes? When Are Estimated Taxes Due? How Do I Pay Estimated Taxes? Do…

Business Trusts 101: What Entrepreneurs Should Know about Using a Business Trust

What Entrepreneurs Should Know about Using a Business Trust in Delaware

Table of Contents Business Trusts 101: What Entrepreneurs Should Know about Using a Business Trust How Does a Business Trust Work? What Are the Different Types of Trusts? What Are the Pros and Cons of…

SECURE 2.0 Tax Credits for Small Business Retirement Plans

SECURE 2.0 Tax Credits for Small Business Retirement Plans in Delaware

Table of Contents SECURE 2.0 Tax Credits for Small Business Retirement Plans SECURE 2.0 Act Addresses Workplace Retirement Plans Secure 2.0 and Small Business Retirement Plans Get Legal Guidance and Tax Advice on Employer Retirement…

How Businesses Can Plan for Sunsetting TCJA Provisions

How Businesses Can Plan for Sunsetting TCJA Provisions in Delaware

Table of Contents How Businesses Can Plan for Sunsetting TCJA Provisions About the TCJA Qualified Business Interest Deduction Bonus Depreciation Deduction Section 163(j) Business Interest Limitation The Time to Implement Tax-Saving Strategies Is Now How…

The Law Office of Jason Carr, PLLC

Do you owe money to the IRS in Delaware?

Do you owe money to the IRS? While the coronavirus pandemic brought unprecedented changes, including extended tax filing deadlines, many Americans in Delaware continue to face surprises from the IRS. It's not uncommon for taxpayers…

The 4 Best Ways to Get a Tax Levy Lifted

There are several ways the IRS can issue tax levies on your property, such as on wages, bank accounts, or retirement accounts. If you're facing a tax levy in Delaware, you might wonder how to…

Why Did The IRS Take My Refund?

Do you owe money to the IRS? While the coronavirus pandemic brought unprecedented changes, including extended tax filing deadlines, many Americans continue to face surprises from the IRS. It's not uncommon for taxpayers to file…

3 Reasons to Resolve Your IRS Tax Debt Now

Do you owe money to the IRS? If you do, you’re not alone. The Internal Revenue Service (IRS) found that more than 14 million Americans owed over $131 billion in back taxes, penalties, and interest…