When you receive correspondence from the IRS and feel that you are not being treated with professionalism and respect, you may want to initiate an IRS complaint. To know how to do this correctly, it is important that you understand your rights as an American taxpayer. Within the IRS agency is an independent organization founded…
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Many business owners recognize a recent shift towards more transparency of data related to tax compliance and new approach to digital tax administration. This is a result of many issues including frequently changing tax policies, digital tools that allow for real-time reporting and the ability of tax authorities to execute more aggressive enforcement approaches. The…
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Back taxes may lead to revoked passports. The IRS recently notified more than 400,000 taxpayers that their passports will be revoked for back taxes. Under Fixing America’s Surface Transportation (FAST) Act, the State Department must deny any passport applications or renewal requests from taxpayers owing more than $52,000 in back taxes. They will also revoke…
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How to Respond if You Cannot Pay In Full Last year’s tax filing was more complex than prior years because it was the first year that the Tax Cuts and Jobs Act (TCJA) was in full effect. The new tax law created an unwelcomed surprise for many — a tax bill rather than a refund.…
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We frequently get calls from potential clients who ask us, “how long is a tax lien valid”? They may ask us to help them determine if the “statute of limitations” on an old tax debt has run yet or not. Here’s a quick overview as to how the IRS’ CSEDs (Collection Statute Expiration Dates) work.…
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The Internal Revenue Service (IRS) works hard to collect back taxes from many Americans each year. The caseload can be overwhelming and get seriously backlogged. In order to help taxpayers get back on track, they established the ‘Fresh Start’ program or ‘Fresh Start Initiative’. Essentially, the program helps both individuals and small businesses who are…
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Choosing a legal structure for your business can be a daunting first step in setting up shop. You may be inclined to simply pick an entity type that you’re familiar with, such as a corporation. But making a poor decision can hurt your business prospects before you’ve even made your first sale. Understanding the differences…
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Whether you’re just starting out or a seasoned business owner, the odds are, at some point in time, you’re going to need a lawyer to help with legal problem. That’s why it’s important for any business, big or small, to have an ongoing relationship with a good lawyer. How do you find one? A great place to…
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Getting a notice that you’re being audited by the IRS can strike fear in the hearts of the bravest of taxpayers. However, educating yourself and following a few simple rules can make the process less painful. Kinds of Audits Some audits are worse than others. You can expect either: A correspondence audit where everything is done by mail.…
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