Ever received a letter from the IRS with the dreaded word “audit”? While an IRS audit can be nerve-wracking, it’s essentially a review of your tax return to ensure everything matches their records. These audits can be conducted by mail...
The Internal Revenue Service (IRS) plays a crucial role in collecting taxes that fund essential government services. However, navigating the labyrinthine US tax code can be a daunting task for individuals and businesses alike. From deciphering complex regulations to...
Key Strategies for Tax Optimization Entity Selection Understanding the Landscape Sole Proprietorship: Simple to form, personal liability, no corporate income tax but taxes paid at individual rates. Partnership: Similar tax filing to sole proprietorship, personal...
You should hire a tax lawyer when facing an Offer in Compromise, struggling with IRS communications, dealing with missing tax returns, responding to CP notices, or starting a business. Unlike tax preparers who handle routine filings, tax lawyers provide legal...
A taxpayer that has received notice of IRS audit needs tax audit help immediately. You should not try to handle an audit on your own and should instead seek audit help immediately. Just because your return is being audited does not mean that it is wrong or that...
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