If someone gets audited, your immediately assumption would be that the individual in question is in trouble and will have to pay the IRS some extra money because of an inconsistency or error on their tax return. However, this isn't always the case. Sometimes, people...
Month: December 2016
Tax implications of conducting business abroad
As a business owner, you take great pride in your ability to provide your clients with a high level of service.Regardless of your industry, if you own a business in the United States there may come a point when you find yourself conducting business in another part of...
Appeals are a critical part to tax law
When thinking about the Internal Revenue Service, many people think of a monolithic and powerful agency that can't be stopped. This is a gross exaggeration, but they definitely have a lot of power. Respecting this power is essential, but there are also many options...
Not filing your taxes can be disastrous
Maybe there's another world, another reality, where people can just not file their taxes to the Internal Revenue Service and everything works out just fine. But in our world, not filing your taxes is definitely a problem that will cause the non-filer to suffer many...
Dealing with back taxes and unpaid tax debt
It may feel like it's a long way off, but Tax Day 2017 is actually just around the corner. There will be many people that have to confront significant issues as the deadline approaches. Should they file for an extension? What should they do if they can't pay what the...