How to determine Business Income

Business Income, Gross Receipts or Sales If there is a connection between any income received and a business, the income is business income. A connection exists if it is clear that the payment of income would not have been made

Tagged with:
Posted in Business Income, Income, Taxable Income

Need help cutting through IRS red tape

In many cases, one of the best places to go is a little-known unit within the Internal Revenue Service known as the Taxpayer Advocate Service, or TAS, which has about 75 offices around the country. Its mission: to help taxpayers

Tagged with: , ,
Posted in Tax Problems & Requests

IRS Payment Options Available

The Internal Revenue Service reminds taxpayers who owe but can’t pay in full that several options are available to help them meet their tax obligations. Taxpayers should file their return on time, pay as much as they can with their

Tagged with: , ,
Posted in Paying Taxes, Tax Guidance & Preparation

Help from the Taxpayer Advocate Service

If you have tried to resolve tax problems with the IRS and are still having problems or facing economic harm, you have somewhere to turn: seek the free assistance of the Taxpayer Advocate Service. The Taxpayer Advocate Service is an

Tagged with:
Posted in IRS Appeal, IRS Audit, IRS Centralized Insolvency, IRS Collections, IRS Enforcement, IRS Examination, IRS Levy, IRS Lien, IRS Mediation, IRS Penalties, IRS Penalty and Interest Abatement, IRS Transcript

Tax Appeal Rights

If you disagree with the IRS about the amount of your tax liability or about proposed collection actions, you have the right to ask the IRS Appeals Office to review your case. IRS Publication 1, Your Rights as a Taxpayer,

Tagged with: , , ,
Posted in Appeals & Audit Resolution, IRS Appeal, IRS Audit, IRS Collections, IRS Enforcement, IRS Examination, IRS Levy, IRS Lien, IRS Mediation, IRS Penalties, IRS Penalty and Interest Abatement, Tax Guidance & Preparation

What to do if you receive an IRS notice

For more information about IRS notices and bills, see IRS Publication 594, What You Should Know about the IRS Collection Process. Information about penalties and interest charges is available in IRS Publication 17, Your Federal Income Tax. Each year, the

Tagged with: , , ,
Posted in IRS Audit, IRS Collections, IRS Enforcement, IRS Examination, IRS Levy, IRS Lien, IRS Mediation, IRS Penalties, IRS Penalty and Interest Abatement, Tax Guidance & Preparation, Tax Relief

Amending Your Tax Return

The IRS usually corrects math errors or requests missing forms – such as W-2s or schedules – when processing an original return. In these instances, do not amend your return. However, you should file an amended return if any of

Tagged with: , ,
Posted in Amended Tax Return

Where is My Tax Refund?

If you file a complete and accurate paper tax return, your refund should be issued about six to eight weeks after the IRS receives your return. If you file your return electronically, your refund is issued in about half that time

Tagged with: ,
Posted in Tax Refund

Tax Payment Options Available

The Internal Revenue Service reminds taxpayers who owe but can’t pay in full that several options are available to help them meet their tax obligations and save money by the April 15 filing deadline. Taxpayers should file their return on

Tagged with:
Posted in Paying Taxes

Making Tax Payments: IRS Form 1040-V

If you have a balance due when filing your income tax return, remember to make sure your tax payment check or money order is payable to the "United States Treasury." Complete and include IRS Form 1040-V, Payment Voucher, when sending

Tagged with: , ,
Posted in Paying Taxes, Tax Guidance & Preparation
Subscribe via Email

Follow me on Twitter
QuickBooks Advanced Certified ProAdvisors Online

QuickBooks Certified ProAdvisor - QuickBooks Online Advanced Certification

Xero Certified Adviser