The job of IRS investigators is to validate their assumptions about your tax liability. When IRS investigators ask for an on-site visit, postponing that visit until after your Tax Attorney has had the opportunity to share the facts of the way your business runs with those investigators ensures that irreversible… [Read more]
What to Do if You Think You’re the Target of an IRS Criminal Investigation
Whenever you’re contacted by IRS, the first step any business owner should take is to reach out to a qualified Tax Attorney. There are questions a tax attorney can answer for you such as: What kind of an investigation is being conducted? What information is IRS actually asking for? What… [Read more]
What to Know When Your Client is Facing a Criminal Investigation by the IRS
There are few calls less welcome than a call from the IRS. It could come directly to your accounting office or you might hear from a client after they have been contacted. Either way, you need to take the issue seriously and act carefully because your immediate actions may negatively… [Read more]
An IRS Special Agent Contacted Me (or My Accountant): What Now?
Just the thought of being contacted by the IRS can be enough to make you sweat. Receiving a letter, phone call, or surprise visit from IRS Special Agents can be extremely stressful and frightening. Whether they’ve reached out to you or your accountant, you may be wondering what to do… [Read more]
Which Form Should I Use to Amend My Business Tax Return?
If you’ve made an error on your business’ or organization’s tax return, the federal government requires you to send in an amendment to correct and update your filing. It’s important to make these corrections as soon as you can, in case the IRS audits your business — whether at random,… [Read more]
What To Do If You Couldn’t Pay Your Business Tax On Time
Even if you pay your estimated quarterly taxes every three months, you may still owe more taxes than expected for the full year. In some cases, this happens because your business earned more than you initially estimated it would. While unexpectedly high revenue is usually good news, it may not… [Read more]
What Are Back Taxes and How Do They Affect My Business?
Back taxes occur when business or personal taxes are not filed and paid in full by their due date each year. They continue to accrue interest for as long as they remain unpaid, and many can incur a number of additional penalties as well. Here are some of the serious… [Read more]
6 Tax Code Updates for 2018 That Could Affect You
Millions of Americans overpay on their taxes each year, simply because they don’t understand how the system works. Since new tax reforms were passed in December 2017, it’s more important than ever to understand how the tax system could affect your finances. With updates to everything from the dedufctions you… [Read more]
Get a Head Start on the New Tax Laws for the 2018 Season
The April 2019 deadline for filing your 2018 taxes probably seems far in the future, but if you start preparing for the filing process now, you’ll save yourself a lot of stress closer to the deadline. Here’s a handy guide to the new tax laws, the paperwork you need, and… [Read more]
6 Mistakes to Avoid When Filing Your 2018 Taxes
Understanding tax rules is complicated. In 2018, the launch of the new tax reform means that US citizens now have a host of unfamiliar rules and regulations to keep up with — beneficial or not, any change in the rules can increase the stress involved with tax season. Already, millions… [Read more]
