Blog

Should I File Back Taxes If I Owe Money to the IRS?

On: March 11, 2024

One of the scariest things a taxpayer encounters is owing money to the IRS. It can cause a serious financial burden to the taxpayer and leave them with little money to live on should the IRS move forward with tough collection actions.  Forgetting to file your tax return(s) means that you are going to likely […]

How Many Years Back Can the IRS Audit Me?

On: March 1, 2024

Opening the mailbox to find a letter from the IRS sends your fingers trembling and your heart racing. Many Americans sit in fear each year of a tax audit and cross their fingers that they are not selected. Tax audits are not only stressful, but they are also time consuming and can lead to penalties […]

Can the IRS Really Put Me in Jail?

On: February 20, 2024

As if dealing with the IRS isn’t enough, now you heard someone say the IRS has the authority to put you in jail! Dealing with the IRS in any capacity can be scary and overwhelming. There is something about the agency’s reputation that instantly strikes fear in you when you receive a letter from them. […]

Surviving a Business Tax Audit 101

On: February 10, 2024

Two words that any business owner dreads hearing are “tax audit.” These two words are scary to most individual taxpayers and businesses alike. No one wants to deal with the IRS. Tax audits feel very invasive as the IRS wants to review your financial information and assets. Knowing how to survive a business tax audit […]

Tax Issues Small Businesses Face

On: January 31, 2024

Small businesses in California are ever important as they help fuel the economy and meet the needs of other businesses and residents throughout. As a small business owner, you are required to comply with all of California’s tax regulations and rules – which can definitely become confusing quickly.  There are multiple agencies that handle different […]

Notice of Intent to Levy from IRS: What Do I Need to Know?

On: January 21, 2024

If you have just received a Notice of Intent to Levy from the IRS, you may be wondering just what you need to do. As you frantically try to figure out what is going on, you likely have a bunch of questions flying through your mind right now. One of the most important things to […]

I Forgot to Report All My Income – Will There Be Any Consequences?

On: January 11, 2024

The IRS wants perfect tax returns with no errors but the reality of it is that is just not possible. Between human error and computer error, there are bound to be returns that require attention.  One of the most common issues that arise with taxpayers and puts the IRS on alert is underreported income. Failing […]

Tax Lien vs. Tax Levy: Knowing the Difference Between the Two

On: January 1, 2024

If you have never owed the IRS money before, the terms tax lien and tax levy are probably new to you. These two terms describe different actions that the IRS can take to collect on a debt that you owe them.  Tax liens and levies are serious things and they can cause a lot of […]

Wage Garnishment – What Is It and Can It Be Stopped?

On: December 22, 2023

Learning that you have a pending wage garnishment is enough to ruin your day. You probably have a bunch of questions soaring through your mind right now along with a little bit of panic.  Fortunately, a wage garnishment can be stopped, but you must act fast. Hiring Leading Tax Group is a great move when […]

Should I Appeal an IRS Decision? Pros and Cons of Doing So

On: December 12, 2023

You come home from work only to open the mailbox and find a letter sitting inside from the IRS. Questions start circling through your brain immediately and your heart starts to pound. What could they want? The IRS sends out notices to taxpayers for a multitude of reasons with the most common one being that […]