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
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
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
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 […]
What to Expect and How to Respond To IRS Collection Notices
Receiving a notice from the IRS can bring about feelings of fear and anxiety for many individuals. Getting a notice from the government about tax-related matters can be quite daunting, especially if the communication pertains to collections. Despite the initial shock, it is crucial to remain calm and understand the implications of the notice. By […]
