Tax Records Retention
Every month I am contacted by a new client who has a tax issue from the 1990's. That makes having a tax records retention policy...
Category : Tax Help
IRS Financial Analysis Form 433
IRS Financial Analysis Form 433, is the starting point o analyze what you can pay back to the IRS. When the Internal Revenue Service analyzes...
E-file vs standard paper tax filing
As you may have noticed, almost everything is being done online now so a decision needs to be made whether you E-file vs standard paper...
IRS Tax Notices
From my experience, the IRS does make a strong effort to notify taxpayers when issues exist with their tax account through IRS tax notices. Most...
Substitute Tax Returns
If a taxpayer does not file an income tax return (IRS calls them non-filers), and the IRS deems that a tax return is due to...
Form 8843 Related Tax Issues
As we discussed last in the last post, it is important to determine whether you are non-resident alien or resident alien. One major tax issue...
For small business owners, preparing today can make tax season less stressful
As residents throughout New York State prepare to gather with family and friends next week for the Thanksgiving holiday, Jan. 1 and 2016 are just...
What are IRS audits
For many who reside in the state of New York, one of their biggest fears is to be audited by the Internal Revenue Service. What...
FATCA noncompliance and the IRS’ Offshore Voluntary Disclosure Program
Enacted in March of 2010, the Foreign Account Tax Compliance Act, or FATCA as it’s more commonly known, has been the subject of much concern...
Tax Help – What to do when the IRS gets it wrong
Now is the time of year when taxpayers begin getting those dreaded letters from the IRS saying that they didn’t pay the taxes that they...