Easy Steps to Change Your Address with the IRS Online
During the hustle and bustle of a big move, it’s easy to overlook the small details—like ensuring the IRS has your correct address on file. Whether you’re moving just down the street or to a new state, updating your address with the IRS is important for receiving government checks, your income tax return, and other […]
Why Did I Get a Letter from the IRS? Understanding IRS Correspondence
Receiving a letter from the Internal Revenue Service (IRS) can be unsettling. If you’ve found such a letter in your mailbox, you might wonder why it was sent to you. The IRS oversees tax collection and law enforcement in the United States, and it sends out letters for various reasons. These could include a discrepancy […]
IRS Audits Unveiled: How Long, What to Expect, and How to Navigate?
Receiving a tax audit notice from the IRS can be worrying, but knowing what to expect can really help. Even though the IRS only audits a small number of tax returns each year, they are paying more attention to people with complex tax situations. Typically, a straightforward audit can take anywhere from three to six […]
Unraveling IRS Penalties: How Much, What Types, and Can You Waive Them?
Facing IRS penalties can quickly complicate your life, potentially leading to unexpected debts and stress. Nearly 70% of middle-income Americans, particularly those earning less than $100,000 a year, are greatly benefited by receiving penalty relief from the IRS. Understanding IRS penalty relief helps them avoid these financial burdens and keep more of their earnings. This […]
Essential Steps for a Successful IRS Tax Resolution
Tax resolution services include a range of strategies and actions to resolve tax problems and control the associated consequences. Tax resolution specialists, such as enrolled agents, certified public accountants (CPAs), and tax attorneys, who focus on tax law and liaising with tax authorities on behalf of their clients, usually offer these services. When facing IRS […]
All You Need To Know About Offer In Compromise
With an offer in compromise, the IRS agrees to allow a taxpayer to pay off less than the full tax debt he or she owes. To qualify for an offer in agreement, however, you must meet one of three criteria
Changes Affecting Small Business Employers
Disclaimer: This article will provide a broad overview of this act. Be sure to consult with legal experts to fully understand how this legislation affects your business.
Unemployment – Tax Return Amendment
If you have filed an early tax return and had unemployement paid to you in 2020 read the IRS statement below:
Has Your Partnership Or S-Corp Received A Huge Late Filing Penalty?
If the partnership is a small partnership of 10 or fewer partners and we assessed a penalty for filing late or for failure to include required information, it may qualify for a waiver of the penalty under Revenue Procedure 84-35. Call our office to find out more.