Comprehensive Tax & Legal Solutions
No one enjoys a tax audit. It can cause a lot of stress even if you are sure your books are correct. There is no guaranteed way of avoiding a tax audit. Each year, the IRS does a certain amount of random auditing in addition to those it implements because an...
Tax debt is arguably the most intimidating financial obligation a person can face because the Internal Revenue Service (IRS) has the power to take more aggressive collection actions than many other entities. Tax debts could lead to wage garnishment or government...
Individuals and businesses often seek creative solutions to alleviate their financial burden when dealing with tax obligations. One such option is the offer in compromise (OIC), a program administered by the Internal Revenue Service (IRS). An offer in compromise is a...
Seeing a letter from the IRS is frightening. Many people set them aside without fully reading or understanding them, sometimes out of anxiety that isn’t easily managed. However, ignoring a notice from the IRS can be a major mistake. People familiar with the most...
Running a successful business is incredibly expensive. Thankfully, the Internal Revenue Service (IRS) does allow business owners to deduct certain expenses from their company's gross income when preparing an income tax return. Business owners can use deductions for...
Navigating the labyrinth of U.S. tax laws and regulations can be daunting, partially because the risk of being subjected to an IRS audit looms large for many taxpayers. While the IRS audits only a small percentage of tax returns, certain red flags may increase the...
Life is unpredictable, and circumstances can change instantly, leaving you unable to manage your financial affairs. Having someone trustworthy to handle your finances if you become incapacitated is critical. A financial power of attorney is a legal document that...
The passage of the Corporate Transparency Act (CTA) in 2021 is changing how businesses operate. The CTA creates new obligations for corporations, limited liability companies (LLCs) and limited liability partnerships (LLPs). Specifically, organizations will now need to...
The mere thought of a tax audit by the Internal Revenue Service (IRS) can evoke feelings of anxiety and uncertainty, even for the most conscientious taxpayers. These audits involve thoroughly examining a taxpayer's financial records and tax returns, and they can be a...
Running afoul of the Internal Revenue Service (IRS) is anathema to most business owners. The government can be quite ruthless when coming after companies for their money. In fact, simply being late on these payroll tax payments can incur financial penalties. But stuff...