Tag Archives: Business Tax Relief

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

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Audit Target: The Sole Proprietor

Each year the IRS publishes their activities in a publication called the Data Book. And each year for the past number of years the number one target of audits are those tax returns with a Schedule C for small business … Continue reading

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IRS Announces Second Quarter Interest Rates

      Interest rates charged by the IRS on underpaid taxes and paid by the IRS on tax over-payments will remain the same for the second quarter of 2013 (April 1 through June 30). Therefore, for the first six … Continue reading

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Under Barack Obama, Audits of Small and Medium-Sized Businesses Have Skyrocketed

The Internal Revenue Service (IRS) recoups $702 in taxes for every hour it spends auditing small businesses, versus $9,173 an hour for auditing large corporations. But under Barack Obama, audits of small and medium-sized businesses have skyrocketed.   According to IRS … 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 Enforced Collection Actions

At Lefstein-Suchoff CPA & Associates, continues to provide useful information that helps those in need of tax help for: tax settlements, tax debt, back taxes, IRS tax debt, an IRS levy, IRS tax audits, Offer in Compromise, IRS tax lien, … 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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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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What Can Appeals Do for You?

Many of the different departments within the IRS are responsible for making decisions concerning the application of tax law to various taxpayer issues. In some cases, agreement on these decisions, or determinations, cannot be reached. In other words, the taxpayer … Continue reading

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Requirements for Full Evaluation of an Offer In Compromise

In order for an Offer In Compromise to be fully evaluated by the IRS, the taxpayer must have completed the following steps prior to submitting the offer: 1) File all tax returns legally required to be filed 2) Make all … Continue reading

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