Propono Tax Blog

Your Go-To Resource For All Things Tax

When we’re not busy resolving tax problems, we’re tirelessly learning everything we can about tax resolution. From the latest tax news, tips, to how-to’s, we’ve got all the resources you need to support you during your tax troubles.

Dealing with IRS Wage Garnishments

Dealing with IRS collections can be daunting, especially when faced with the prospect of a wage garnishment. The complexity of tax law combined with the financial strain of having your paycheck reduced can feel overwhelming. However, understanding your options and taking proactive steps…

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Maine Tax Relief for Severe Weather

In December 2023, Maine faced the brunt of severe weather conditions that left a trail of destruction in its wake. From power outages to flooding and significant damage, the central and western regions of the state bore the impact of these natural disasters. In response to the crisis, President Joe…

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IRS Announces Key Updates and Relief Measures

Tax Filing Commences for 2023 Earnings The Internal Revenue Service (IRS) has announced that taxpayers can start filing their taxes on 2023 earnings from January 29, 2024. This marks the official commencement of the 2024 tax season, signaling the need for taxpayers to prepare their documents and…

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5 Common Triggers for Small Business IRS Audits: How to Stay Prepared

IRS audits can be a source of anxiety for both individual taxpayers and small business owners. In recent years, the IRS has increased its focus on auditing small and medium-sized businesses, especially those with relatively low annual revenue. While there's no foolproof way to avoid an audit, being…

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Your Guide to the IRS’s ERC Voluntary Disclosure Program

The Employee Retention Credit took the business world by storm. Learn more about your options if you were involved in a false claim. The IRS has launched a groundbreaking initiative aimed at helping businesses correct and repay questionable Employee Retention Credit (ERC) claims. In this blog post,…

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Navigating the Employee Retention Credit (ERC) Minefield

In 2020, as a part of the CARES Act, the U.S. government introduced the Employee Retention Credit (ERC), a vital tax relief measure to counter the economic impact of the COVID-19 pandemic. Aimed at supporting businesses that kept paying their employees during this challenging period, the ERC…

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