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When you owe the IRS money, you can bet that they will come after you. When the IRs is not successful in contacting you or collecting the tax liability you owe, they will utilize additional collection efforts to get the money they are owed. Both wage garnishments and levies are two options that the IRS […]

One of the biggest responsibilities that you have as a corporation is to make sure you remain in compliance with the IRS, file your taxes on time, and pay all due taxes by their due date. Not doing so can lead to consequences such as fines, suspensions, and penalties. The IRS is no stranger to […]

No one wants to find themselves at the center of a state tax audit, but it does happen. Business owners and residents in California may find themselves at the center of an FTB (Franchise Tax Board) audit for a number of reasons. Audits are never limited to just one set of taxpayers and can happen […]

Owning and running a business comes with many responsibilities. One of which is answering to the IRS and making sure to pay your taxes on time. Failure to do so can have serious consequences and lead to a business having to shut its doors. As a business owner, you have a lot on your plate […]

Avoiding the IRS is never a good idea because they will not simply stop their collection efforts because you do not respond to them. In fact, they will ramp them up and may end up sending a revenue officer out to your home or business. If the IRS has assigned a revenue officer to you, […]

Not being able to pay the taxes you owe can cause you a lot of undue stress and hardship. Not only do you have to worry about whether to put food on the table or pay the tax bill, but you also have to worry about the IRS notices and collection efforts.  If you have […]

Employees or independent contractors, what does it really matter? It matters a lot when it comes to the EDD. If you misclassify your employees, you can expect to be contacted by the EDD and you may find yourself facing some serious penalties at the same time. An EDD audit is serious and should be handled […]

One of the scariest things that any taxpayer can experience is finding out that they are facing an IRS tax audit. The first thing that comes to your mind may be whether you are in trouble or how much work the whole audit will involve. No matter what question is on your mind right now, […]

If you just checked your mailbox only to find an envelope stamped with the IRS logo, your heart may start to pound. What could they want? Are you in trouble? Is something happening? First, try not to panic. We know, easier said than done. The FIRST thing you should do is read the letter and […]

What do I need to respond to an audit notice?  You will need to review what tax year is involved in the audit, what issue is the focus, and what additional information you made need to provide to substantiate the entry on the tax return. Taxpayers will be notified how to contact the California Department […]