Frequently Asked Questions

Opening up the mailbox to find a letter waiting for you from the IRS can cause you to panic just a little. You may start to wonder if you did something wrong on your taxes or if you owe money to the IRS. The truth is, the IRS sends out lots of notices and some […]

In general, you only have about a one percent chance of actually being audited by the IRS. However, it is still a possibility that you may be chosen. If you have received a letter that says you have been selected for an IRS tax audit, try not to panic. Reaching out quickly to an experienced […]

Hearing a knock at your door is normal and quite common, but what do you do when you open the door to be greeted by an IRS revenue officer? Not only may your heart stop for a moment, but you may also instantly feel stressed out and overwhelmed.  No one wants to deal with the […]

Tax season rolls around every year and tax laws continue to evolve and change to adapt and keep up with the times. As an American, if you live abroad throughout the year, make money in another country, or receive assets or an estate in another country, you may be subject to special taxes and reporting […]

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 […]