Common Tax Issues with Answers

I owe taxes and the IRS has contacted me

I owe taxes and the IRS has contacted me  Are they going to force me to sell my stuff or worse still are they going to talk me about going to jail? The IRS has no interest in taking your stuff. In fact, the IRS will only start to [...]

I owe taxes and the IRS has contacted me2018-09-18T12:46:29+00:00

How long does the IRS have to collect on the taxes I owe

How long does the IRS have to collect on the taxes I owe? Typically the IRS has 10 years to collect taxes from the point they are assessed.  There are a number of events that may extend that time period.

How long does the IRS have to collect on the taxes I owe2018-09-18T12:46:44+00:00

I am a wage earner and have not filed my taxes

I am a wage earner and have not filed my taxes for the last six years. Is this a crime? Technically non-filing is a crime, but not one that typically prosecuted.  Simply, get the returns filed. Following, if taxes are owed, contact a professional to help you get a [...]

I am a wage earner and have not filed my taxes2018-09-18T12:46:56+00:00

I am a business owner and have not filed my taxes

I am a business owner and have not filed my taxes I am a business owner and have not filed my taxes in almost 10 years. Secondly, all the records that I used to calculate my business income and deductions are missing.  What can I do? This is a [...]

I am a business owner and have not filed my taxes2018-09-18T12:47:07+00:00

I received an audit notice

I received an audit notice I received an audit notice and am scared that when the IRS reviews my return and God-forbid finds something wrong, am I going to jail? This is a common perception that a mistake on an audited return leads to corporal punishment or worse. Mistakes [...]

I received an audit notice2018-09-18T12:47:15+00:00

IRS found some honest mistakes in my return

IRS found some honest mistakes in my return OK the IRS found some honest mistakes in my return-what type of penalty is involved? You may have what is called an accuracy-related penalty applied to the taxes owing. The amount of an accuracy-related penalty equals 20 percent of the portion [...]

IRS found some honest mistakes in my return2018-09-18T12:47:25+00:00

I cut big corners on my tax returns

I cut big corners on my tax returns OK - I need to confess I cut big corners on my tax returns and received a notice from the IRS that the return is being audited. What do I do? This case demands that you hire a representative for your [...]

I cut big corners on my tax returns2018-09-18T12:47:33+00:00

I represented myself in my audit

I represented myself in my audit I, in my infinite wisdom and desire to reduce professional fees, represented myself in my audit. Strangely about mid-way thorough the agent disappeared and I have had no further contact. What's up? My initial thought is that your case has been referred to [...]

I represented myself in my audit2018-09-18T12:47:40+00:00

I am getting a lot of pressure from the person that is auditing my return

I am getting a lot of pressure from the person that is auditing my return I am getting a lot of pressure from a lady that is auditing my return. She is aggressive, rude and assumes the very worst when I am unable to provide data to support my [...]

I am getting a lot of pressure from the person that is auditing my return2018-09-18T12:47:49+00:00

I received a bill as a result of an audit

I received a bill as a result of an audit I received a bill as a result of an audit. The audit occurred by mail. IRS asked me for documentation and by the time I responded I received an assessment. What do I do? You were caught up in [...]

I received a bill as a result of an audit2018-09-18T12:50:21+00:00

I received a letter from the IRS

I received a letter from the IRS I received a letter from IRS stating that my only recourse for an appeal of my taxes was to be filed within 90 days and I need to go through the United States Tax Court for my appeal. This looks expensive and [...]

I received a letter from the IRS2018-09-18T12:50:29+00:00

I received notice of the IRS audit results

I received notice of the IRS audit results Once I receive notice of the IRS audit results, what happens to this information?  Does it get reported elsewhere? Typically the information that IRS uses will get reported to your state. Also, state information in an audit will also get reported [...]

I received notice of the IRS audit results2018-09-18T12:50:44+00:00

I received a notice from the State of Oregon

I received a notice from the State of Oregon I received a notice from the State of Oregon dealing with a delinquent filing. They appear to have made an assessment of taxes that I owe and the tax liability has a large penalty. To compound matters, I don't have [...]

I received a notice from the State of Oregon2018-09-18T12:50:53+00:00

I had an audit with the State of Oregon

I had an audit with the State of Oregon I had an audit with the State of Oregon. What happens next? The first letter that you get will be what is called a Proposed Audit Adjustment. The letter will detail what adjustments were made on the tax return.  On [...]

I had an audit with the State of Oregon2018-09-18T12:51:02+00:00