Tax audits can be one of the most critical times where you want the expertise of a tax attorney.
Last month we discussed how to best survive an IRS tax audit. But wouldn’t it be nice to avoid the tax audit altogether? That’s the topic of this month’s blog post and in it, we’ll identify a few tips to prevent getting audited in the first place.
Continue reading “Tips for Avoiding an IRS Tax Audit”
If there’s one thing taxpayers in California hate more than paying taxes, it’s probably responding to a tax audit. And it’s not just the prospect of having to pay additional taxes or penalties that’s the scary part. Instead, it’s providing documents and other information requested by the IRS or the California Franchise Tax Board (FTB). Not only is it a major hassle and inconvenience, but it can be confusing as well. So it’s understandable that anyone subject to a tax audit might wonder if getting outside help is a good idea.
Continue reading “Tax Audits: Why Hire a Tax Attorney?”
The tax laws and regulations in the U.S. can be confusing and frustrating at times. On occasion, this will result in taxpayers getting into trouble with the IRS. But not all disputes or tax questions require the help of a tax attorney. This blog post will examine situations when hiring a tax lawyer might be useful and the reasons for using a tax lawyer’s services.
Continue reading “When and Why You Need to Hire a Tax Attorney”
The IRS is making a few changes as of late. Some of the most prominent ones involve increased efforts in collecting unpaid taxes. While the IRS is always working to find ways to increase its tax collection efforts, two recent trends focus on asking taxpayers to report income from cryptocurrencies and increasing audits.
Continue reading “IRS Trends: Audits and Cryptocurrencies”
To help individuals and businesses figure out their tax issues, there are two common types of professionals available. The first is the tax attorney and the second is the CPA, or certified public accountant.
Continue reading “The Difference Between a Tax Attorney Versus a CPA”
For the most part, we can’t get away with not paying our taxes. So what happens when you don’t pay your taxes when they are due? Does an IRS agent come to your bank and take money from your bank account? Or do you get a letter in the mail a month later saying the IRS has a lien on your property?
Both situations are possible, at least to some degree. However, a lot can happen from the moment a tax obligation comes into existence and the IRS takes action against you.
Continue reading “What Happens When You Owe the IRS and Don’t Pay?”
The chances of getting audited by the IRS, in a pure mathematical sense, are small. So this might tempt you to try and cheat on your taxes. But these basic audit numbers are deceiving because the IRS doesn’t randomly decide who to audit.
Continue reading “What Are My Chances of an IRS Audit?”
One of the things that keep many of us from going too far in our attempts to reduce what we owe Uncle Sam is the fear of a tax audit. In most situations, the audit process isn’t as scary as most people fear, especially if there is nothing to hide. The following blog post will provide an overview of the audit process and explain certain steps you can take to reduce the chances of being an audit victim. Continue reading “IRS Tax Audits”
The dreaded tax audit – one of the few events in life that annoy or scare Americans more than actually having to pay their taxes. Even though the chances of getting audited are less than 1% for most Americans, the following advice can assist in tax planning and help protect taxpayers from being a tax audit victim. Continue reading “Don’t Be a Tax Audit Victim!”