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Tag Archives: IRS Problem Help
If You Receive an IRS Notice, Here’s What to Do
Each year the IRS sends millions of letters and notices to taxpayers. Although some people may feel anxious when they receive one, many are easy to resolve. Here’s what to do if you receive a letter or notice from the … Continue reading
Posted in IRS Letters
Tagged IRS Problem Help, IRS Relief, IRS Tax Problems, Tax Audit, Tax Penalty Relief, Tax Problem Solutions
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IRS Identity Verification Requests
In recent years, the IRS has stressed its commitment to protecting taxpayers from tax-related identity theft. As part of this commitment, the IRS enhanced the Electronic Fraud Detection System (EFDS). In 2012, the EFDS detected 7.8 million potentially fraudulent returns. … Continue reading
Posted in IRS Letters
Tagged IRS Problem Help, IRS Tax Problems, Tax Problem Solutions
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Follow the Tax Rules When You Borrow From Your Corporation
If you’re a business owner and your company lends you money, you’ll enter it in the books as a shareholder loan. However, if your return is audited, the IRS will scrutinize the loan to see whether it is really disguised … Continue reading
Posted in IRS Compliance
Tagged Business IRS Tax Areas to Watch, IRS Problem Help, IRS Tax Problems, Tax Problem Solutions
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What Are Your Audit Odds?
Do you wonder what your odds are of being selected for an IRS audit? Statistics just released for tax returns filed in 2011 and audited in 2012 show a 1% audit rate for individual tax returns. About 3.6% of business … Continue reading
Posted in IRS Tax Audit
Tagged IRS Problem Help, Tax Audit, Tax Audit Areas, Tax Audit Areas to Watch through 2013, Tax Problem Solutions
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The Chances of Being Audited
An IRS Tax Audit can be one of the scariest situations a person or business can face. Often times the IRS has a distinct advantage because the average person doesn’t know enough tax law to defend him/herself against an … Continue reading
Posted in IRS Tax Audit
Tagged Business Tax Audit, IRS Problem Help, IRS Tax Audit Areas, Irs Tax Audits, Tax Audit, Tax Problem Solutions
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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
Posted in IRS Tax Audit
Tagged Business IRS Tax Audit, Business Tax Relief, IRS Problem Help, IRS Relief, IRS Tax Audit Areas, Irs Tax Audits, Tax Problem Solutions
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Failure to File or Pay Penalties: Additional Four Facts
The number of electronic filing and payment options increases every year, which helps reduce your burden and also improves the timeliness and accuracy of tax returns. When it comes to filing your tax return, however, the law provides … Continue reading
Posted in Late Filing of Tax Returns, Tax Penalties
Tagged Failure to File Penalty, IRS Problem Help, Late Filing Penalty, Late Payment Penalty, Tax Problem Solutions
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Failure to File or Pay Penalties: The First Four Facts
The number of electronic filing and payment options increases every year, which helps reduce your burden and also improves the timeliness and accuracy of tax returns. When it comes to filing your tax return, however, the law provides that the … Continue reading
Posted in Tax Penalties
Tagged Failure to File Penalty, File Tax Return, IRS Penalty Abatement, IRS Problem Help, IRS Tax Problems, Tax Problem Solutions
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Avoid Future Tax Problems: Start Planning Next Year’s Tax Return Now
For most taxpayers, the tax deadline has passed. But planning for next year can start now. Being organized and planning ahead can save time and money in 2014. Here are six things you can do now to make next … Continue reading
Posted in Tax Changes
Tagged File Returns, File Tax Return, IRS Problem Help, IRS Tax Problems, Tax Problem Solutions
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Are you Using the Correct Filing Status When Filing Your Income Tax Return?
It’s important to use the correct filing status when filing your income tax return. It can impact the tax benefits you receive, the amount of your standard deduction and the amount of taxes you pay. It may even impact whether … Continue reading
Posted in IRS Compliance
Tagged File Returns, File Tax Return, IRS Problem Help, IRS Relief, IRS Tax Problems, Tax Problem Solutions
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