Is your home or business at risk during a tax collection process? Let's say that the IRS informed you that you owe the agency money for back taxes or tax debt. This isn't exactly rare, but it isn't exactly common either. When you are informed, it will likely take some...
How Can We Help With an IRS Audit in San Diego
How can we help with an IRS audit in San Diego? Most people have heard about a tax audit, and everyone who knows about them is aware that they are quite a challenge. The Internal Revenue Service uses the audit to leverage some financial gain out of you, and worse...
Organizing Documents Could Make an Audit Easier
Organizing documents could make an audit easier. Throughout the nation the digital age has caused many people to reduce the amount of paper used. While this is certainly good for the environment, it may leave some individuals unsure of how to organize important papers. Regardless of how it is done,...
Change Your Business Model to Avoid Independent Contractor Misclassification
Should you consider A new business model to avoid independent contractor misclassification and associated penalties and financial consequences? The rising number of California Employment Development Department or EDD misclassification audits is skyrocketing. The first thing many EDD auditors are asking is simple: "Do you have any 1099 workers?" If the answer...
Employee or Independent Contractor in San Diego
When someone completes work for your business, are they an employee or an independent contractor in San Diego? Do you issue them a W-2 or a 1099 form? This is a challenging question faced by many business owners due to the fact that there is no definitive guidance on the...
An IRS Field Audit in San Diego
What is an IRS Field Audit and why should you be concerned by this? It means the IRS wants to come visit you in your home, or at your office. An IRS Field Audit is as serious an audit as you can face, and the genuine risk is what we...
Do I Have to Provide Information Requested by an IRS Auditor?
Do I have to provide information requested by an IRS auditor? No, you do not necessarily have to provide every piece of information requested by an IRS auditor, and you certainly do not have to provide additional unrequested information in an attempt to establish your trustworthiness. There are specific laws,...
Has the IRS Stopped Collecting Taxes From High Income Earners?
Has the IRS stopped collecting taxes from high income earners? Is past performance an indicator of future risk associated with an IRS audit? A recent Newsweek article flatly stated “The government just admitted it doesn’t really try to collect rich people’s taxes.” A recent study by Syracuse University researchers showed...
IRS Extends the Personal Tax Deadline to May 17 2021
Many US taxpayers have reacted positively to the news as the IRS extends the personal tax deadline to May 17 2021 from the usual deadline of April 15. For the second year in a row the Internal Revenue Service has give Americans an extra amount of time to submit personal...