Got an IRS CP14 Notice? Here’s What To Do
When a taxpayer gets a CP14 Notice from the IRS, it can be overwhelming. The next steps can make all the difference.
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IRS Payment Options for Back Taxes: What To Do When You Can’t Pay
As tax season wraps up, Americans often find themselves in one of two camps: those dreaming about what to do with their refund — and those who are losing sleep over a tax bill. Many taxpayers avoid filing because they fear what they’ll owe, but that just adds penalties and interest to the problem. Perhaps they received a notice from the IRS and don’t know how they can possibly pay . Fortunately, there are several IRS payment options and alternatives for taxpayers who want to get caught up, but need some flexibility. If you owe the IRS and can’t pay, keep reading.
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How to Recognize IRS Tax Scams, IRS Fraud, and Verify Legitimate Communications
How to Recognize IRS Tax Scams, IRS Fraud, and Verify Legitimate Communications The IRS is one of the most well-known and feared government agencies in the United States. Taxpayers naturally pay close attention when they receive communication that appears to come from the IRS. Unfortunately, this makes the IRS an attractive target for scammers who
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10 Essential Tips to Get Ready for the IRS Filing Season
10 Essential Tips to Get Ready for the IRS Filing Season The IRS tax filing season is upon us, and for many taxpayers, it can feel like a stressful and overwhelming time. Getting ready for tax season doesn’t have to be painful. Whether you’re a seasoned filer or tackling your taxes for the first time,
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End of Year Tax Checklist – Essential Year-End Steps
Ready to tackle your taxes? Our end-of-year tax checklist is your guide to ensuring a smooth tax filing process.
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Understanding Business Meal Deductions Under the Tax Cuts and Jobs Act (TCJA): A Guide for Small Business Owners and Accountants
Understanding business meal deductions under the Tax Cuts and Jobs Act (TCJA) is critical for small business owners and accountants to maximize legitimate tax savings while avoiding audit risks. This guide breaks down the key rules, including criteria for deducting business meals, exceptions to general limitations, and the importance of proper documentation. Learn how to distinguish deductible meals from non-deductible entertainment expenses, navigate common misconceptions, and comply with IRS guidelines to ensure your deductions are compliant and well-substantiated. Stay informed and reduce tax liability with practical steps outlined in this essential resource.
Food Delivery Service and Mileage Records
Uber Eats and DoorDash drivers can boost their tax savings by keeping accurate mileage records. This post highlights essential tips for tracking miles effectively to maximize deductions and stay IRS-compliant. Protect your earnings and be audit-ready!
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The IRS Turns Up The Heat On The Employee Retention Credit
The IRS has recently intensified its review and enforcement actions regarding the Employee Retention Credit (ERC) due to widespread improper claims. This move is part of a broader effort to ensure compliance and protect taxpayers from fraudulent claims and aggressive marketing tactics by unscrupulous promoters.
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Understanding IRS Tax Notices: A Practical Guide for Taxpayers
Receiving a notice from the IRS can be stressful, but with the right approach, you can effectively address and resolve the issues at hand. Understanding the type of notice, verifying its legitimacy, and taking prompt, informed action are key steps to managing your tax situation. Remember, staying calm and methodical will help you navigate this process more smoothly.
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Understanding the Role of Enrolled Agents in Resolving Tax Disputes
There are three main types of tax professionals who represent clients before tax authorities: tax attorneys, CPAs, and Enrolled Agents (EA).
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