What you need to know about IRS audits
If you’ve been notified that you’re being audited by the IRS, it’s natural to feel a sense of panic. However, if you’ve been abiding by tax laws, and you’ve been filing your taxes with the help of a reputable CPA firm, you likely don’t have anything to worry about. The IRS conducts audits to confirm […]
How to spot phony IRS scams
If you were to receive an out-of-the-blue phone call from someone claiming to be from the IRS, what would you do? If they said you owed back taxes, and they needed to verify your personal information, such as your full name, address, date of birth, and Social Security number, would you give it to them? […]
What Happens if You Forget to File a 1099 Form?
If you’re a self-employed freelancer or you own a small business, you may receive one or more 1099 forms from your clients. As a general rule of thumb, any client that paid you more than $600 for goods or services during the 2021 tax year is required by ghostwriting hausarbeit. You should also keep […]
Update: What is the Status of the IRS?
IRS Re-opens but Expect Delays – Many of IRS operations are just now coming back online since mid-March closures. It is no surprise that this shutdown has resulted in significant delays in processing of items (i.e. payments, amended returns) that were sent in the mail right before and during office closures. While electronic filings continued to […]