In most cases, the statute of limitations grants the IRS a period of up to three years in which to initiate an audit of a taxpayer. The three-year clock begins counting down from the latter of the following dates: The date on which the return was originally due.In...
There are numerous benefits that go along with being part of a company. Oftentimes, a major benefit is the use of company vehicles. However, these vehicles are not to be used for pleasure or for a night on the town. These are strictly for professional use only. But...
Many fear the thought of receiving an IRS audit notice. Because of this fear, our tax firm has often encountered clients that put off opening any IRS letters for the fear of being notified of an audit. First, if you do receive an IRS audit notice, DO NOT PANIC. ...
Side Business Advice Are you currently working a full-time job, but have an entrepreneurial spirit and have always wanted to start a business of your own? You are not alone. Today, more and more people pursue opportunities outside of their nine to five job. From...
At some point everybody wonders what what will happen if they don’t pay their taxes. There are always consequences in society when rules and laws are broken. These consequences exercise justice and help society stay in order. So, what happens if you don’t pay your...
