
Owning a small business and managing the day-to-day operations can be stressful enough without having to keep up with the different bookkeeping tasks. The financial operations of your business is at the core of making decisions that can help or hurt your business. Not only…

Did You Receive an IRS Audit Letter? Read on to found out exactly what you can expect. One of the most dreaded moments that is feared by Americans of all walks of life is the IRS audit. For ages now, the IRS has been auditing…

https://www.youtube.com/watch?v=bHCoou7JP6s Every Robinhood user who sells stocks, crypto, or options needs to understand their tax obligations. Robinhood provides Form 1099 tax documents that detail your investment activity, and the IRS receives copies of these forms directly from the platform. Commission-free trading through Robinhood has made…

An IRS grand jury subpoena is one of the most serious legal documents you can receive. It means a federal grand jury is actively investigating potential tax crimes and has compelled you to testify, produce documents, or both. This is not a civil matter. It…

Federal tax evasion charges under 26 U.S.C. § 7201 represent the most serious outcome in any IRS dispute. Not a penalty. Not an audit. A federal felony prosecution that carries up to five years in prison, fines up to $250,000, and mandatory restitution of every…

An IRS audit doesn't always end when the IRS says it does. If the agency assessed additional taxes after an audit you didn't fully participate in - or after a decision you believe was wrong - you have a formal path to challenge that outcome.…

An IRS audit doesn't always end when the IRS says it does. If the agency assessed additional taxes after an audit you didn't fully participate in - or after a decision you believe was wrong - you have a formal path to challenge that outcome.…

If an IRS special agent just knocked on your door or showed up at your business, you are likely the subject of a federal criminal tax investigation. Do not speak to them without a tax attorney present. Anything you say - even casual, seemingly harmless…

You built separate businesses for a reason. Different entities, different bank accounts, different purposes. So the idea that the IRS could reach into one business to collect a tax debt from another sounds impossible. It's not. And it happens more often than most multi-business owners…

This article is for informational purposes only and does not constitute legal advice. Tax situations vary, and you should consult a licensed tax attorney for advice specific to your circumstances. Think an amended return fixes everything? Here's what the IRS sees instead: consciousness of guilt.…

Back taxes don't go away on their own. The balance grows every month - penalties on top of interest, interest on top of the original debt - and the IRS has collection tools that most people don't think about until one of them hits. Wage…

The moment you receive notice that you're under investigation for federal tax evasion charges, your entire world shifts. I've sat across from clients whose hands shake as they describe the IRS Criminal Investigation Division knocking on their door at 6 AM. They ask the same…
October 5, 2020
September 19, 2020
April 15, 2019
March 29, 2019
November 24, 2020
October 5, 2020