As a small business owner, filing business income taxes is one of many crucial tasks you need to complete. You must prepay your taxes each quarter of the tax year — which means you must gather your tax records and documentation to fill out the…
High-net-worth individuals, business owners, and investors often seek ways to protect their assets from lawsuits, creditors, and excessive taxation. One of the most powerful financial tools used for this purpose is an Offshore asset protection trust. These legal structures allow individuals to place assets in…
As a business owner, you search for every tax credit available. Surprisingly, many employers have still not taken advantage of one that can get them thousands of dollars—the Employee Retention Credit (ERC). Introduced initially through the CARES Act, this tax credit ended in 2021, but…
The letter arrives from the SBA Office of Inspector General. Your stomach drops. They're investigating your PPP loan - questioning whether your business qualified in the first place. I've defended dozens of business owners in this exact situation, and here's what I know: eligibility violations…
The envelope sits on your desk, IRS seal glaring back at you. Inside, Notice CP504 threatens to levy your state tax refund in 30 days. I've represented thousands of taxpayers at this exact moment - that sick feeling when you realize the IRS has moved…
You filed the FBAR with FinCEN. Then you looked at Schedule B line 7a on your 1040 and realized you checked "No" - meaning you said you don't have foreign accounts. But you just filed a form that proves you do. Filing an FBAR while…
Form 4549, officially known as the "Income Tax Examination Changes" form, is issued by the IRS following an audit. If you get one, it means the IRS is questioning your return. Let's get into the form and what it means. Demystifying Form 4549: A Comprehensive…
An IRS audit is something we all dread, especially when it comes with unexpected tax assessments. Audit reconsideration is all about finding a strategic opportunity to challenge the IRS's findings and potentially reduce or eliminate those additional tax liabilities. You'll want an experienced tax defense…
The IRS Automated Underreporter (AUR) system is designed to compare taxpayer income reports with third-party data, and it often uncovers discrepancies that lead to AUR notices. These notices are, of course, very useful to the IRS in ensuring compliance, but they can also be a…
The envelope sits on your desk, IRS seal glaring back at you. Inside, Notice CP504 threatens to levy your state tax refund in 30 days. I've represented thousands of taxpayers at this exact moment - that sick feeling when you realize the IRS has moved…
Tax debt affects millions of Americans each year. The IRS collected $68 billion through enforcement actions last year alone. Understanding your rights and options can mean the difference between losing your home and keeping it.Most people facing tax debt have urgent questions about what the…
As someone who has successfully defended over 1,000 taxpayers against IRS collection actions, I've seen the devastating impact when one spouse's tax issues become both spouses' nightmare. But here's what the IRS doesn't want you to know - you have legal rights that can completely…
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