How to Avoid Red Flags for an Audit

July 11th, 2017

The information in your personal tax return is critical in determining whether the IRS may choose to audit your return. One of the ways your tax return can be selected for an audit is through computer screening. The IRS computers can pick up certain “red flags” on your return. Here are some items that can […]

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If You Don’t Pay Your Employment Taxes, Jail Time Is A Real Possibility

June 15th, 2017

Employers are required to withhold federal income tax, Medicare and one half of social security taxes from their employees’ wages and pay them to the IRS. Many employers frequently abuse this requirement. Intentionally failing to pay these payroll taxes to the IRS can amount to fraud. And, for those who commit this fraud, the IRS […]

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What Should I Do When the IRS Contacts Me?

May 16th, 2017

The IRS can send you a notice for a number of reasons. Many of these notices are just informational and don’t need a response from you. For example, a notice telling you that your refund for 2016 has been applied to a tax debt you owed for 2012. Here, we will discuss those notices that […]

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Some Tips to Stay out of Trouble with the IRS

November 22nd, 2011

1.  File your personal income tax return by April 15 of each year even if you cannot afford to pay the taxes you owe.  If you don’t file on time, the IRS will not only add on a penalty for failure to pay (FTP) on time, but also a penalty for failure to file (FTF) […]

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What is the IRS “Fresh Start” Program?

September 21st, 2011

In February, 2011, the IRS announced a new program to help struggling taxpayers get a fresh start with their tax liabilities.  The goals of the program are to make it easier for taxpayers to pay back taxes by changing the policies on the filing of liens, make it easier for small businesses to enter into […]

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