One of the prominent areas of my legal practice is taxpayer representation—and one component involves representing clients in tax examinations (audits) by the IRS and state departments of revenue. Fortunately, most taxpayers have never had a tax return examined by the IRS. But because IRS activity is picking up, I thought it might be useful… [Read More].
Deciding to hire an authorized representative (Attorney, CPA, or Enrolled Agent) to assist you with your IRS matter is often a huge stress reliever for a taxpayer that is faced with a pending examination, collection issue, or notice inquiry. But does that mean the taxpayer’s job is now done? In most cases, the answer is… [Read More].
Having a tax return selected for audit is probably on the top five list of things most people would rather avoid. . .but is it avoidable? Many taxpayers believe that audits are random and that their own individual risk of being audited is low based on articles that float around the internet and the taxpayer’s… [Read More].
What does it mean to be a “compliant taxpayer”? A compliant taxpayer is one that is in good standing with the existing tax rules and regulations. In a general sense, this includes the following: Meeting all filing requirements Paying all amounts due and owing to taxing authorities on a timely basis Reporting all includable income… [Read More].