The Internal Revenue Service (IRS) is a federal organization responsible for enforcing tax laws and collecting taxes from people and corporations in the United States. Founded in 1862, it administers other types of taxation outside income tax, including gift, excise, and inheritance. The Internal Revenue Service often performs audits to check for tax compliance and … Continued
Category: Startup Taxation
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For founders, startup taxation is one of the biggest sources of stress. Many can relate if you’re a new business owner who can’t afford an accountant but still has to deal with the dreaded task of filing your company’s taxes. Unfortunately, you can’t avoid dealing with this issue. Due to the enormous yearly cost of … Continued