The U.S. government gets most of its money from individual income taxes. However, businesses large and small also pay billions in excise, payroll, and other taxes. If these organizations fall behind on their tax payments, relief may be available in the form of an IRS business installment agreement. Read on to find out how to… Read more »
Tag: federal excise tax
IRS Crackdown on Federal Excise Tax for Modified Heavy Trucks
The IRS is always looking for quick ways to collect more money and they’ve found a new target: fleet owners and operators who have dodged the hefty 12% tax on trucks over 33,000 pounds GVWR. If you’re running trucks that were purchased below the 33,000 pound threshold and then modified above that capacity, keep reading… Read more »
