An IRS Notice CP2000 is sent to taxpayers when there is a discrepancy between the information on their tax return and data reported to the agency. Here’s what to know about it and what to do if you receive one.
For most Atlanta taxpayers, there is no prospect more daunting than a tax audit. But what exactly is an audit, and how might one affect you?
The IRS is taking steps to reduce the strain of 2020 for tax paying Americans. Still, there are a lot of questions. Here’s what you need to know.
In this video, Atlanta tax attorney Alyssa Whatley shares tax filing tips for the pandemic and your 2020 tax return.
If you neglect to pay your tax debt, you could find yourself on the receiving end of a letter from the IRS. The IRS has the right to collect money owed to the federal government, and state agencies can also impose liens and levies to recover unpaid tax liabilities. But what are liens and levies, and how are they different?
The Internal Revenue Service is treated as something of a boogeyman by many Americans. People speak in hushed tones about audits and garnished wages and are intimidated by the thought of speaking to an agent.
The IRS has introduced the Taxpayer Relief Initiative (TRI). This new set of policies aims to alleviate the cumulative financial strain the pandemic has placed on millions of families.
Cathy Strobeck, CPA, is the owner of Atlanta area based Add-Vantage Accounting Services, Inc. and the author of Solving the Puzzle: How Small Business Owners Can Grow Their Business and Avoid Tax Trouble.
What happens when you owe the IRS more money than you can afford to pay by the due date?
Alyssa joins the Fashion Law Network podcast to discuss the tax implications of Hollywood swag/gift bags, celebrity and influencer tax issues, and the recent Gucci tax evasion case.
Understanding what each is can make a difference in how the IRS looks at what you have done. This video and article explains.
If just the title of this post is giving you heart palpitations, take a deep breath. Only about 0.45% of tax returns were audited in 2019. Your chances are very low that you will receive a letter from the IRS. Still, there are a few red flags that could prompt the IRS to take a second look at your tax return, and it’s important to know what they are—because forewarned is forearmed.