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...
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Month: July 2023
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Why would the IRS want to audit your taxes?
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...
Understanding the 3 types of tax audits
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...