Tag Archives: Business IRS Tax Areas to Watch

IRS Practice and Procedure Change: Collection

In 2012, the IRS instituted additional Fresh Start initiatives to help struggling taxpayers pay their taxes. As part of these initiatives, the IRS relaxed streamlined installment agreement rules for individuals by increasing the threshold from $25,000 to $50,000, and the … Continue reading

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IRS Practice and Procedure Change 2012 & 2013

While 2012 was a down year for IRS enforcement revenue, look for a rebound in 2013, when the IRS should receive a significant budget increase. In February 2012, President Obama proposed an IRS budget increase of $944 million, with more … Continue reading

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Employment Taxes and the Trust Fund Recovery Penalty (TFRP)

    At Lefstein-Suchoff CPA & Associates, we are committed to providing useful information that helps those faced with a situation requiring tax help for: tax settlements, tax debt, back taxes, IRS tax debt, an IRS levy, IRS tax audits, … Continue reading

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IRS Notice of Levy

If taxes are not paid timely, and the IRS is not notified why the taxes cannot be paid, the law requires that enforcement action be taken, and this may often involve the IRS issuing a Notice of Levy. This notice … Continue reading

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Individual Not Real Estate Professional; Real Estate Losses Were Passive Activity Losses

   At Lefstein-Suchoff CPA & Associates, LLC we assist those faced with various tax problems, such as IRS problems including IRS Audits.  To do so, we keep up to date with recent Court decisions and IRS Rulings.  In our last … Continue reading

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Supreme Court Grants Certiorari To Defense Of Marriage Act Challenge in Estate Tax Case

    At Lefstein-Suchoff CPA & Associates, LLC we assist those faced with various tax problems, such as IRS problems including IRS Audits.  To do so, we keep up to date with recent Court decisions and IRS Rulings.  In our … Continue reading

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Partner Owed Self-Employment Tax on Guaranteed Payments from Partnership

  At Lefstein-Suchoff CPA & Associates, LLC we assist those faced with various tax problems, such as IRS problems including IRS Audits.  To do so, we keep up to date with recent Court decisions and IRS Rulings.  In our next … Continue reading

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Form 1099-K & Income Matching; Potential Audit Troubles?

Form 1099-K is an information return that reports payment card and third party network transactions.  Previous reports along with speculation supported that the IRS may conduct specific matching of Forms 1099-K to business returns in 2012.    If the business income … Continue reading

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Number Eight of the Eight Small Business IRS Tax Audit Areas to Watch Through 2013

Ok, our final post in this series of IRS audit areas for 2013 is here. As we wrote about in our last seven posts, the IRS continually analyzes compliance levels for entities, issues and industries by conducting hundreds of compliance … Continue reading

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Number Seven of the Eight Small Business IRS tax Audit Areas to Watch Through 2013

We are aware that for many of you, the thought of an audit can get your blood pressure racing.  We want to help you by informing you of audit target areas that might likely come under scrutiny by the Internal … Continue reading

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