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.
Got an IRS CP14 Notice? Here’s What To Do Read More »
IRS
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
How to Recognize IRS Tax Scams, IRS Fraud, and Verify Legitimate Communications Read More »
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.
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.
The IRS Turns Up The Heat On The Employee Retention Credit Read More »
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.
Understanding IRS Tax Notices: A Practical Guide for Taxpayers Read More »
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).
Understanding the Role of Enrolled Agents in Resolving Tax Disputes Read More »
Help! I Got A Letter From The IRS. What Should I Do?
Getting an IRS letter or notice is a stressful experience for most people. Here are some helpful tips on how to respond with confidence.
Help! I Got A Letter From The IRS. What Should I Do? Read More »