Tax season is upon us once again and many individuals and businesses are struggling to make sure that all of their obligations to the Internal Revenue Service are fulfilled. You not only need to be accurate and timely when filing tax returns, but you also cannot afford to make errors…
You’ve probably heard the expression that every cloud has a silver lining. Sometimes you can even find a silver lining in an IRS correspondence audit.
Your ability to deduct losses on Schedule C depends on whether the activity is a trade or business or a hobby operated primarily for your recreation and pleasure.
We recently received good news from the IRS that it reversed a tax assessment in excess of $200,000 for back taxes against our Boca Raton client.
The Internal Revenue Service just announced it has rolled out a streamlined program designed to help small businesses under audit to quickly resolve their differences with the IRS.
We are regularly requested by taxpayers in Palm Beach, Broward and Miami-Dade Counties who have been notified of a tax audit to represent them before the IRS. Our tax audit help services are available to both individuals and businesses and cover correspondence, office and field audits.
What is an IRS audit? An IRS tax audit is a review/examination of a business or individual’s books and records and financial information to ensure that taxpayers are accurately reporting their income and expenses, and paying the correct amount of tax according to the law. Audit Selection Selecting a return…