Many ask, “how to reduce tax liability?” The truth is, it depends on a number of factors, including your life changes. Your life is filled with important milestones, changes that significantly impact livelihood, and surprises that transform tax status. There…
The question of “Should I Hire a Tax Attorney?” has been around since long. And it’s time to address it. Regardless of whether you are facing an IRS tax audit or planning to build an estate, you will need a…
An Audit letter from the IRS can be dreadful. One of the most fearful questions that often arrives in the mind of taxpayers is that “how long can IRS audit your taxes?”. The question can be tough to answer in…
Facing a penalty is often very intimidating, especially if it is coming from the Internal Revenue Service (IRS). In case you fail to pay the dues that you are responsible for, you might as well be on the verge of…
During times of financial crunch, it is really not uncommon to fall behind on bills and debts that you owe. But, if you fail to keep up with your payments for longer than imaginable, you may face a bank levy,…
In case you owe a significant amount in back taxes but are unable to pay the amount in full, then asking for an Offer in Compromise to the IRS can be the road to go. Letters and notices that come…
The filing season of taxes is counting. And every year, multiple people fall behind to pay their debt in full, causing them to experience significant penalties and interest. The Internal Revenue Service (IRS) has evaluated and the results show that…
The IRS can often use returns from the previous three years in an audit. They may add more years if we find a significant inaccuracy. Typically, we only go back a maximum of six years. An audit is a check,…
Introduction A Federal Tax Lien is a tough tussle for many businesses and entrepreneurs. When businesses or even individuals do not pay the tax they owe, the federal government pulls its own card and executes methods to recover the debt. …
The IRS just rolled in an IRS notice, informing that you fall under their audit. The thought of being subjected to an IRS tax audit is unsettling. Most small businesses and entrepreneurs running them tussle through to complete the audit…