Author's posts
Aug 15
IRS NOTICES ARE INCREASING!
/*The IRS reports that correspondence audits are up 570% from 10 years ago! */Three times a year, the IRS sends out “Notices of Deficiency†to tax payers. The form is a CP2000 notice and it shows “proposed changes†to a tax return. This proposal is based upon a comparison of income, payments, credits and deductions …
Aug 03
What to do if YOU Owe Money to the IRS
Most taxpayers overpay their taxes and get a refund from the Internal Revenue Service when they file their tax returns. For those who don’t get a refund, there are several options to pay their tax bill.* Tax bill payments:* If you get a bill from the IRS this summer that shows you owe late taxes, …
Jul 30
Starting a Small Business
If you are opening or trying to grow a new business this year, now is the time to Audit Proof Your Business! The IRS has identified over $450 Billion in the Tax Gap, the difference between the tax dollars received and the tax dollars owed. The IRS has also trained revenue agents on how to …
Jul 03
Business Tax Audit Secrets
With the blessing of the current administration, the IRS has developed a plan to increase tax collections. An area of particular focus is what is termed Small Business/Self Employed (SB/SE). The owners of these small businesses are perceived by the IRS as being significant offenders in tax noncompliance. Many have a cash component that is …
Jun 05
Myths About Financial Planning
If you are like most people we meet, you have a 401(k) or traditional or ROTH IRA. Do you, like most people, respond to the question of where is your retirement money with the answer at the bank, with your company or with your financial broker. If so, do you really feel you are financially …
Follow Us
NATP
