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 | Mar 25, 2024 | Blog
You get a collection letter from the IRS, but it doesn’t seem right. What do you do now? The worst thing you can do is call the IRS. The IRS representative is likely one of the new 80,000 representatives who does not know the tax law or the IRM and all they know how...
by Tara | Mar 25, 2024 | Blog
The IRS and their new 80,000 untrained and unsupervised representatives have a new goal. The goal is high income taxpayers. The IRS definition of high income is anyone who makes over $80,000 a year. Especially if you are a non-filer, you are on their target. So, if...
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