Let Morgan Sebastian Law Help Solve Your Tax Problem
IRS audits can be a daunting experience, especially if you have never been through one before. Tax audits can happen at random or due to discrepancies in your tax returns. When you receive an audit notice, carefully read it to determine the type of audit and the...
According to CNET, the IRS audited only 0.4% of tax returns in 2022. Even though the chances of an audit are low, many people may still be at risk. Tax laws are notorious for their complexity and intricacy. The ever-evolving tax code, filled with numerous rules,...
Losing a loved one brings with it a multitude of emotions and challenges. Among the list of things to navigate during these difficult times is the often complex world of financial matters. One question that may emerge is the responsibility regarding your spouse's...
If you owe money to the IRS for taxes, you likely will have to make payments to avoid unpleasant consequences. These negative outcomes include fines, interest charges and perhaps even jail time. In some circumstances, though, the IRS can temporarily suspend your need...
Understanding the details of tax laws can sometimes baffle even the most knowledgeable. One concept that tends to confound many is the Internal Revenue Service penalty abatement. If you owe penalties to the IRS, it could be for a variety of reasons. Perhaps you filed...
Correspondence from the IRS that they plan to audit your taxes could cause uncertainty and angst. Knowing some of the reasons why they might do this can help you prepare a defense. The good news is, even if the IRS finds something concerning, you can eventually remedy...
Not many California taxpayers wind up becoming the subject of a tax audit, but it does happen. Most of the time, it happens because something a taxpayer does when filing taxes attracts the attention of the IRS, prompting the service to take a closer look at the...
Innocent spouse relief is an option you may have if your spouse committed tax fraud or made errors when filing a tax return. It is an offer at the federal level managed by the IRS. Not every situation allows you to claim innocent spouse relief. You must qualify, and...
Taxes are not an area many people are savvy in. It is also not an area individuals generally enjoy pondering. Because of this and its potential for complexity, it is not uncommon for a person to make a simple mistake leading to the revealing of tax debt after filing...
Taxpayers should strive to ensure that they do not unknowingly commit tax fraud. However, understanding what constitutes tax fraud can be complex, as it involves a range of actions or omissions that can deceive tax authorities. This article explores common scenarios...
