Let Morgan Sebastian Law Help Solve Your Tax Problem
Dealing with the IRS can be stressful for everyone, but it becomes particularly stressful when you have to deal with a tax audit. During your tax audit, you will have to provide a variety of records. Understanding what the IRS expects from you can help you prepare for...
A tax audit can be an uncomfortable situation, but you still have rights during the process. The IRS has to treat you fairly and allow you certain accommodations. While it is your job to comply with requests and to be honest with the agents, you also need to stand up...
Learning that the IRS wants to audit you is an overwhelming prospect. It is natural to feel concerned, but keep in mind that some audits result from random selection. Even if the IRS has questions about your tax return due to errors or oversights, there is no reason...
If you owe back taxes, you likely have considerable stress regarding this issue. Whether you recently received a letter from the IRS or you have dealt with unpaid taxes for years, it is pivotal to explore all of your options and address this debt properly. If you...
If you owe the IRS money, it can be challenging to figure out how to pay that bill. You may not have expected to owe the money, and you may not have it on hand. The IRS explains it offers multiple ways for you to handle your tax debt. Additional time option You may be...
In most cases, when you have a debt forgiven, tax agencies treat them like income. Since President Joe Biden announced he is forgiving student loan debt for many borrowers, there is concern about whether it is taxable. According to Time, the federal government will...
The idea of a tax audit is nerve-wracking for most people. However, the Internal Revenue Service usually does not perform an inspection at random. There are several reasons that people might receive an audit notice. The IRS is more likely to audit someone if the...
You may feel understandable trepidation after finding out the IRS plans to audit your business. Try not to panic, though, as doing so may complicate things further. Instead, try to focus on gathering all the documentation and evidence you might need to explain why...
Tax audits remain one of the biggest fears taxpayers have it comes to dealing with the IRS. Increased scrutiny from the tax agency could require you to submit additional paperwork and possibly pay more in taxes. Information on audits can help you decrease your chances...
Only a small percentage of California taxpayers wind up having the IRS audit them, and the vast majority of Americans who are the subjects of audits end up participating in the audits via mail, rather than in person. However, there are certain actions you might take...
