Tax Experts: State Settlement with Chrisleys ‘Not Uncommon’
If you’re currently dealing with an audit, you may wonder how far back the IRS is allowed to go in reviewing your tax returns and assessing additional taxes and fees.
What is the IRS Statute of Limitations on Collecting Tax Debt?
If you’re currently dealing with an audit, you may wonder how far back the IRS is allowed to go in reviewing your tax returns and assessing additional taxes and fees.
What is the Statute of Limitations on IRS Audits?
If you’re currently dealing with an audit, you may wonder how far back the IRS is allowed to go in reviewing your tax returns and assessing additional taxes and fees.
One Client’s Worst Nightmare: Being Audited by the IRS
When Tara walked out to her mailbox and saw the heavy envelope from the IRS with the handwritten address, she had a bad feeling before she even opened it.
What to Do When You Receive an IRS Audit Letter
If you are one of the less than one percent of people who receive an IRS audit letter, don’t panic. More than likely, your tax return was flagged because of one of these common IRS audit triggers.
What Can Trigger an IRS Audit?
While nearly 150 million federal tax returns are filed each year, the IRS audits less than 1% of them. However, for those that do get caught in the government’s crosshairs, the audit process can be long and costly.
What is a Chapter 11 Bankruptcy?
A reorganization typically used by companies to continue operating a business and repay creditors through a court approved plan…
What is Chapter 13 Bankruptcy?
A debt reorganization for individuals with a regular steady source of income…
What is Chapter 7 Bankruptcy?
A liquidation bankruptcy that allows most individuals to complete get rid of their unsecured debt such as credit card debt, medical bills, old utility bills, and old apartment leases…
What are IRS Partial Pay Installment Agreements?
Taxpayer will still owe the debt but will have a smaller monthly payment based on ability to pay, which could help taxpayer stay in good standing…
What Does Currently Non-Collectible (CNC) Mean?
Taxpayer will still owe the debt but will not have a monthly payment, which could help taxpayer stay in good standing with the IRS…