When tax season is upon us, it is usually when tax professionals get panic questions from clients who are being audited by the Internal Revenue Service (IRS) because they haven't...
Posted by Karen Munoz, EA on 08/15/2021
Having a small business is the dream of many people, even though the intricacies involved in running a business is complicated. When you eventually add taxes each year, it gets tricky....
Posted by Dennis Jao on 05/24/2021
Yeah, we understand that you do not want to let go of your hard-earned money to the IRS. However, trying to hide it from Uncle Sam is a recipe for trouble. No matter how smart you...
Posted by Income Taxes and Bookkeeping LLC on 03/06/2021
Trying to hide your income from Uncle Sam is a bad idea. Even if you are smart enough to hide it, the credit info alongside third party banking can get the IRS's radar on youAt...
Posted by Daniel P Vigilante CPA and Profit Consultants on 07/16/2020
Here are the basic facts about CP2000 notices:If your tax return and the income information that the IRS has about you don’t match, you will receive a CP2000 notice.Although...
Posted by Unifirst Financial & Tax Consultants on 08/17/2018
The IRS sends you an underreported notice when the information you gave on your tax return does not correspond with the information about your income in the files of the IRS. This...
Posted by J.R.'S TAX SERVICE on 02/19/2019
Many people get worried when they receive the notice of underreported income. They do not realize that it will be such a big problem for them but it actually become one. When you receive...
