Do you owe more in taxes this year than you anticipated? If you are unable to pay your balance in full by the tax deadline, it can be a very stressful and scary feeling. You wonder if the IRS will seize your bank account or your home. The good news is that there are options out there for you! The IRS has different payment plans and options for taxpayers depending on your income and your financial situation. The important thing is to be proactive and trying to find a payment arrangement with the IRS as soon as possible. The IRS can penalize you if you do not pay your taxes by issuing a failure to pay penalty.
Read More
Tags:
Tax Return,
Tax Deductions,
audit help,
Audit,
levy,
Tax Help,
Tax Law,
Tax Cuts and Jobs Act,
CDP,
Tax Scams,
Tax Court
In this month's closed case round up, we have a business owner who didn't file their tax returns for a few years and a contractor that created a large tax debt after his business slowed down!
Read More
Tags:
Tax Return,
Tax,
Tax Deductions,
audit help,
Audit,
levy,
tax extension,
Tax Help,
Tax Law
There is nothing worse than getting all your tax documents together, filing your tax return, and months later finding out you are now being audited by the IRS. Realistically, the risk of you being audited is quite low as less than 1% of tax returns are audited each year. But if you’re like most people, you want to make the chances of you being audited as low as possible. Here are a few things you can do to help lower your risk of being audited.
Read More
Tags:
Tax,
audit help,
Audit,
Tax Help,
Tax Law
Since the Tax Cuts and Jobs Act passed earlier this year, we have been continually asked about what recent Tax Court rulings we’ve seen because of this. The truth is, we have not seen any tax court rulings affected by it yet. Because the changes will not set in until January 1, 2019, all current tax court cases are not affected by it.
Read More
Tags:
Tax Return,
Tax,
audit help,
Audit,
Tax Help,
Tax Law,
Tax Cuts and Jobs Act,
Tax Court
Audits can be scary and confusing to most taxpayers. Most don’t know how or what the IRS looks at to determine who to audit each year. Audits can be a long and exhaustive process that examines every aspect of your financial history for the tax year in question. The average taxpayer won’t be audited in their lifetime, but it could happen to you. To help you learn more about audits, we have your biggest questions about IRS audits and the answers for those very important questions.
Read More
Tags:
Tax,
audit help,
Audit
