A letter from the IRS can give most taxpayers concern. A CP2000 notification is a notification from the IRS that the income or payment information does not match the information provided...
Posted by James Financial Services Inc on 05/22/2022
Getting a notice from Uncle Sam does not necessarily mean you are in trouble. When you get any notice from Uncle Sam, there are many courses of action to take. So the best plan is...
Posted by Income Taxes and Bookkeeping LLC on 06/25/2021
All workers and employers in the service industries where tips occur should abide by the relevant tax rules. One needs to pay income tax, Medicare tax, and Social security taxes on...
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...
The Internal Revenue Services, IRS has shown interest in U.S taxpayers who have accounts in Liechtenstein, Cayman and other countries around the world. According to the IRS, U.S citizens...
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
Many small businesses are slammed with tax penalties for errors that can be avoided. This article will explore these mistakes to keep you from turning out thousands of dollars in penalties...
Many identity thieves use stolen social security numbers to file fraudulent tax returns. You won't know if you have been the victim until you are denied your tax return.If you...
If you've made a mistake on your tax form, don't panic. There are processes and forms to remedy the situation.The worst thing that can happen with a mistake is interest and...