by Tara | Jul 29, 2024 | Blog
We may feel that if we do a cash sale, we really do not have to report it on our income tax return. We may feel the IRS will have no real chance of discovering this sale. While it is agreed that the IRS has many new untrained and unsupervised people in various areas,...
by Kyle McKerricher | Jun 26, 2024 | Blog
Scams are everywhere these days! You get random emails and phone calls from scammers trying to steal your identity or your money! Unfortunately, there are IRS scams too! IRS Impersonation Scams Scammers pose as IRS officials and contact taxpayers via phone, email, or...
by Kyle McKerricher | Jun 26, 2024 | Blog
So, you got tired of being a Schedule C sole proprietor and paying all that self-employment tax! So, you formed an S Corporation and now you have no self-employment tax. You just take draws from the corporation so no self-employment tax. What is wrong here? Have you...
by Tara | May 17, 2024 | Blog
The IRS has instituted a new tactic to add to your confusion and pressure. The IRS is sending out special IP PIN numbers to specific taxpayers. You must have this IP PIN letter to e-file your tax return. Otherwise, you are forced to mail in your tax return to the IRS....
by Tara | May 17, 2024 | Blog
If you received one of those CP504B threatening to levy your bank account and if you manage to read through it, it says in the letter you can file a CAP Appeal. It is IRS Form 9423. What is a CAP Appeal and how can it help you? First of all, this is not a...
by Tara | Apr 22, 2024 | Blog
So, you got one of those threatening CP504B letters. It says Notice of intent to seize (levy) your property or rights to property. This is a scary letter, and you should take it seriously. I will give you a little backdrop about the CP504B letter. The IRS has hired...
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