Author Archives: Sandy Suchoff
Ideas to Help Audit Proof Your Tax Return
No one likes the stress involved when your tax return is under the audit spotlight. Here are some ideas to avoid some of the more common audit triggers. Report everything that has an informational tax return.If you are like … Continue reading
IRS TAX AUDITS- PART IV
Please read our seven part blog series on IRS tax audits. We have answered some of the most asked questions we receive regarding tax audits. Can you request the audit be conducted at the IRS office instead of at your … Continue reading
IRS TAX AUDITS- PART III
Please read our seven part blog series on IRS tax audits. We have answered some of the most asked questions we receive regarding tax audits. Where will the audit be held? It depends on the type of audit being conducted. … Continue reading
IRS TAX AUDITS- PART II
Please read our seven part blog series on IRS tax audits. We have answered some of the most asked questions we receive regarding tax audits. Why was my return selected for audit? When returns are filed, they are compared against … Continue reading
Some Exempt Organizations Owe More than $100K in Delinquent Payroll Taxes
While the majority of tax-exempt organizations are in compliance with all of their obligations, those that do not often are significantly delinquent on payroll taxes. Tax-exempt organizations are, by their nature, not generally required to pay income taxes, they are … Continue reading
IRS TAX AUDITS- PART I
Please read our seven part blog series on IRS tax audits. We have answered some of the most asked questions we receive regarding tax audits. Does the IRS ever contact a taxpayer or the tax preparer via e-mail to initiate … Continue reading
IRS posts “Taxpayer Bill of Rights”
The IRS has just issued a “Taxpayer Bill of Rights” that you should be aware of. The Rights are divided into ten main categories. According to this “cornerstone” document you have The Right: * to be informed * to quality … Continue reading
Are Your Workers Classified Correctly?
Don’t subject your business to tax penalties by miss-classifying an employee as an independent contractor. The IRS is aware that employers prefer to treat workers as independent contractors to avoid paying fringe benefits and payroll taxes. If you’re not … Continue reading
Having Trouble with the IRS? Your Not Alone…
Owing back taxes to the IRS can not only be an individual and business problem, but a city problem as well. The City of Madison Wisconsin recently reached an agreement with the IRS to pay back $580,000 in taxes to … Continue reading
Check the Tax Rules Before Lending Money to Relatives
There are many worthwhile reasons to lend money to a relative. For example, you may want to help a child or sibling continue their education or start their own business. But lending money to relatives can have tax consequences. The … Continue reading