Successful businesses need good bookkeeping to maintain your finances, monitor budgets and stay tax compliant. Bookkeeping can make a huge difference and help your business grow. It can help maximize your business’s income as well as help you determine where you can...
When should you amend your tax return? So, we are all on the same foot, amending your tax return is basically sending the IRS a new tax return, correcting errors made on the last tax return you filed for that year. You technically can amend more than once, but it is...
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...
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. ...
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...
