Understanding an IRS Audit Letter

Understanding an IRS Audit Letter

Receiving an IRS audit letter can be a daunting experience for any taxpayer. However, understanding what to expect and how to respond can help ease the stress and ensure a successful outcome. In this article, we will discuss what an IRS audit letter looks like, what to expect during an audit, and how to respond […]

How Far Back Can The IRS Audit?

How Far Back Can The IRS Audit ()

As a taxpayer, you may have heard countless horror stories circulating about the IRS auditing individuals and businesses for what seems like an eternity. These tales of never-ending audits may have instilled a sense of fear or uncertainty within you, prompting questions such as, “How far back can the IRS truly audit?” It is a […]

Do I Need a Tax Attorney For an IRS Audit? Your Guide to IRS Audit Attorneys

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If you have recently been notified by the Internal Revenue Service (IRS) that you are going to be audited, you may find yourself pondering whether or not it is necessary to enlist the services of a tax attorney. While it is not mandatory to have a tax attorney present during an IRS audit, having a […]

IRS Launches New Initiative to Target High-Income Non-filers

Tax Relief for Small Businesses A Comprehensive Guide ()

Introduction: The Internal Revenue Service (IRS) has announced a new initiative aimed at improving tax compliance by focusing on high-income individuals who have failed to file their federal income tax returns. This move, empowered by the Inflation Reduction Act’s funding, signifies a significant step towards ensuring fairness in the tax system. New Enforcement Effort: The […]

Handling NY State Tax Penalties

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If you are a business owner in New York, you know that taxes are a necessary part of doing business. However, what happens when you make a mistake or fall behind on your tax payments? The New York State Department of Taxation and Finance has strict penalties in place for those who do not comply […]