Chad Silver

Managing Partner of Silver Tax Group, author of the book "Stop the IRS". Practicing a variety of tax issues, regulations, laws and rights. Specializing exclusively on tax matters involving IRS audits, negotiation, settlements & compromises.

schedule e irs form

The Schedule E IRS Form for Supplemental Income and Loss

Everyone loves the idea of passive income. This is money you generate in addition to your earned income, which is associated with your business activities.  While it can be beneficial, you might start cursing it come tax time. That’s because, within your standard Form 1040, you have to complete a separate sheet, known as Schedule E: Supplemental …

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barter transactions

Barter Transactions and Their Tax Implications for Small Businesses

Do you or your business engage in bartering transactions? If so, there are a number of things you need to know when it comes to bartering transactions and taxes.  The International Reciprocal Trade Association estimates the recorded barter industry to be worth between $12-14 billion.  That is a lot of flow of value. As gains and losses …

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what is the employer mandate

Everything You Need to Know About Employer Shared Responsibility Enforcement

According to statistics, 45% of Americans are inadequately insured for health coverage. At the same time, research states that a quarter of Americans report having a pre-existing health condition.  To counteract this, the Affordable Care Act (ACA), put in place an employer mandate requiring employers to provide a minimum level of ACA-approved coverage. If you are …

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part time vs full time

Full-Time vs Part-Time Employees: What’s Really the Difference?

The United States jobs market is booming. The unemployment rate is at 50-year lows. Both minorities and women are benefitting from the boom. However, the labor participation rate sits at 63.4%. Millions of workers are inactive and not considered in the unemployment rate calculation. There are also many Americans working part-time jobs. Employers have to …

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IRS closing a business

5 Scary Reasons the IRS Can Shut Down Your Small Business and How To Avoid it

Americans fail to pay $441 billion in taxes each year. Many of these Americans are small business owners. Tax debt is especially serious for those who own their own business. Threats from the IRS can be devastating. It’s easy for tax debt to get out of control and for business owners to bury their heads …

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tfrp

Everything You Need To Know About The Trust Fund Recovery Penalty (TFRP)

According to IRS estimates, roughly $4 billion in payroll taxes go uncollected each year. That is almost as much as the United State’s budget for the entire border wall!  Enter the Trust Fund Recovery Penalty—or TFRP. The Trust Fund Recovery Penalty is one of the most stringent of all tax penalties, and anybody who does …

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