North Carolina Tax Blog

IRS Mass Mailing of Tax Bills

August 21, 2019

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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How Long is a Federal Tax Lien Valid?

May 23, 2019

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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Do You Qualify for the IRS Fresh Start Program?

May 6, 2019

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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attorney shaking hand with business owner

Deciding on the Best Business Entity For Your Situation

February 4, 2015

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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Business Law: Selecting a Good Lawyer

February 4, 2015

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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Surviving an IRS Tax Audit

February 4, 2015

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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