Chances are that you dread the idea of a tax audit. What is it exactly, and what can you expect if your returns get selected for review? Tax audits Tax audits refer to an examination by the Internal Revenue Service of a taxpayer's tax return to determine if the...
Many people leave their jobs to work for themselves by starting a business or becoming freelancers or independent contractors. Although someone's employment status may change, obligations to pay federal income tax do not go away. Self-employed Texas professionals may...
The Internal Revenue Service often launches criminal investigations of those suspected of fraud or blatant tax evasion. The IRS understands some taxpayers may have difficulty meeting their obligations, which is why payment plans are available to those who file...
Many taxpayers in Dallas/Fort-worth don't want to get in trouble with the IRS, so scammers take advantage. While scams can occur all year, they are more frequent during holidays and tax time. The IRS has a list of the "Dirty Dozen" top scams taxpayers should know...
Residents of Texas understand the importance of resolving tax debt, but things sometimes become challenging, and tax debt unintentionally builds. The burden of repayment can be scary, but the IRS wants taxpayers to know that the organization is open to compromise and...
Millions of tax returns undergo routine processing and the filers never face any scrutiny from the Internal Revenue Service. However, some tax returns receive closer examinations. Texas residents might feel surprised when an audit notice arrives in the mail. After the...
Texas residents may not have to pay state taxes, but they could receive a significant bill from the Internal Revenue Service for federal taxes. Not everyone understands tax law or their responsibilities to pay their federal obligations, so they may amass substantial...
The tax code is full of confusing terms, and it seems that they are always changing. If you have tax debt and the IRS is coming after you, then you may receive a CP3219A notice. What is it and how does it affect your taxes? What is a CP3219A notice? The CP3219A is a...
Working as an independent contractor could afford someone with many freedoms. Having the final say on a weekly schedule and no limits on earning potential bring forth potential upsides, but tax issues also arise. Self-employed persons, including independent...
No matter how careful you are on your taxes, mistakes are bound to happen sometimes. For those with a spouse or ex-spouse, there's an even higher potential for reporting errors, which often bear serious financial consequences. Innocent spouse relief is a way of...
