Audits

When it comes to taxation for employers, one of the most important determinations involves the classification of workers. There are significant implications for classifying a worker as either an employee or private contractor. The risk comes into play when The...

Anyone who has lived in California for any length of time knows that the state has extraordinarily high taxes, and the state’s Franchise Tax Board (FTB) is extraordinarily enthusiastic about collecting. One way the state ensures it is making top dollar is through...

A tax audit is one of those legal realities that most people want to avoid at all costs. Like jury duty or facing a civil lawsuit, a tax audit is time-consuming and potentially quite costly. A tax audit can also be complex. Some of the questions most frequently asked...

The tax audit is one of most dreaded occurrences for any individual of wealth. While the IRS occasionally conducts audits at random, most audits are focused on people in higher income brackets. More aggressive tax audits of the wealthy In fact, it appears that...

The past year has proven devastating for small multiple business owners. Trying to keep your doors open despite pandemic-related challenges probably stretched your finances – and your patience – to the limit. Unfortunately, the IRS might reward your strategic efforts...

Filing a tax return often feels like a gigantic relief. Once you’re through scrounging for the proper documents to support your reported income and, perhaps more importantly, deductions, you get a break from thinking about the IRS. Until you get audited, and then...

IRS audits can be scary. But if you don't know how the agency conducts them, it's hard to know if they're legitimate. As the IRS issued its "Dirty Dozen" tax scams of 2020, it's in your best interest to make sure you're not falling victim to criminal acts.The IRS has...

You had expected to hear from the IRS. The notice came in the mail yesterday. You and your business will undergo a painstaking tax audit. With the confirmation, there is some relief, but more worries, deadlines and conversations await you.A sensitive IRS audit with a...

Many people dread filing their taxes. Even if taxpayers fill everything out they’re supposed to, the IRS may still dispute their submission, resulting in an audit. Depending on the circumstances, this may require taxpayers to go head-to-head with the agency. Audits...

The state of California is notoriously Scroogelike when it comes to taxes. The Franchise Tax Board (FTB) is more than willing to audit individuals, and hit them with a Notice of Proposed Assessment (NPA) claiming the individual owes far more in taxes than they had...