CERTIFIED PUBLIC ACCOUNTANT
The IRS just announced new policies and programs to help taxpayers pay back taxes. The IRS feels these changes will give people facing tough times an easier way to meet their tax obligations. This latest phase of the IRS Fresh Start program includes these major changes to its collection process... Continue reading →
The thought of a tax lien frightens most people. You’ll want to understand the basics should you ever face a tax lien from the IRS: What exactly is a lien? It is a legal claim against your property to pay a debt. A lien does not change the ownership of... Continue reading →
The U.S. tax collection system is based on a pay-as-you-go policy. This is why employees have income tax withheld and paid to the IRS throughout the year by their employer. But if you have income from other sources that either doesn’t withhold any income tax or not enough tax, you... Continue reading →
When getting your tax records in order this year, you may have discovered a mistake on a prior tax return. We know, April 17th is over and you want to forget about taxes, but it may be to your advantage to file an amended tax return. These are some common... Continue reading →
In recent years the IRS has made a dramatic shift from in-person examinations to “audit by mail”. There are several reasons for the change to mail. It requires less labor than one-on-one meetings (today even the IRS has to deal with a downsized workforce). Besides being cheaper, it’s faster and... Continue reading →
