Finding Real Life Solutions To Your Tax Problem
In a previous post we some factors that when present could prompt the Internal Revenue Service to conduct an audit. There are multiple other factors other than the ones we discussed in that post. One of them is divorce.It is likely that most people who are in the...
In most cases individuals who run into tax issues with the Internal Revenue Service do not get to that place on purpose. Instead inaccuracies in a tax return are the result of a misunderstanding of how something in the tax system works. A situation where a lot of...
There are many things that small business owners in the state of California need to be aware of to run a successful business. While the main focus for most is of course to make a profit, it is important to not lose sight of peripheral matters that could arise. One of...
Over the past decade or so the Internal Revenue Service has increased its reliance on correspondence audits and expects to continue to expand its use of these examinations. When many people think of an IRS tax audit, they likely conjure images in their minds of a...
It is fair to say that the life of the average tax payer does not resemble that of civil rights leader Reverend Al Sharpton. That said, tax issues such as those he is currently facing are something that people throughout the nation, including the state of California,...
This time of year many people are looking forward to the holidays and starting to make plans. Accordingly, it is not likely that most are thinking about the taxes returns they will file come next spring. Perhaps they should be though. Taking certain steps now could...
When it comes to small businesses there are multiple matters that will continually need to be addressed. One of those is paying income taxes to the Internal Revenue Service. The failure to follow the rules regarding the taxes that should be paid could result in an...
If you have insured your house or your car, you know that policies certainly do not cover every possible scenario. There are limitations to the coverage. An example involves business owners who keep cash on hand. An insurance policy may only cover $10,000 if the cash...
Every person’s reason for not paying federal income taxes is different. In some cases it is because the filer does not have the money to cover the total amount owed. Being in this financial state can be stressful for the individual facing it and they may not...
The state of California takes the payment of sales tax by businesses very seriously. Accordingly, the California State Board of Equalization regularly conducts sales tax audits to make sure that businesses are paying the required amount. The failure of a business to...