Audit Relief
3 Ways to Keep Business and Personal Finances Separate
Your business life and your personal life are bound to run together; you hit the gym on your lunch break, grab a meal with your client, and buy your boss a friendly holiday gift. However, it’s important to separate the..
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Offshore Banking: The First Steps to Coming Clean
You might have an offshore account to make business easier abroad, qualify as an expatriate, need it for better business, or possess one for other legitimate reasons. However, there are still rules to follow to comply with IRS regulations and..
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How to Deal With Revenue Officers
Your assets are at risk due to tax liability, and you’re expecting a Revenue Officer (RO), the highest level of IRS collection agent, to come knocking at your door. Primarily, understand that the IRS appoints an officer to your case..
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Tax Audit Red Flags
The IRS audited less than 1% of individual tax returns last year, and is projected to audit even less this year. Consequently, the likelihood of the IRS questioning and reviewing your tax return for accuracy is slim. Math errors don’t..
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How to Prepare for an IRS Tax Audit
Your tax audit will go one of a few ways; many people find themselves dealing with correspondence-audit situations, which can be easily remedied through the mail, the IRS’s main mode of communication. Likely, your math was simply incorrect, or they..
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What To Do When Your Bank Account Is Levied
A notice in the mail arrives informing you that your bank account has been levied. What does this mean exactly? First and foremost, this is a result of a debt; if you weren’t aware of this debt, you’ll need to..
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