How to Handle IRS Audit Notice CP2000
How to Handle IRS Audit Notice CP2000 If you receive an IRS Notice CP2000, what do you do next? An IRS Notice CP2000 means that you are under IRS audit and should be handled seriously and urgently. Remember, being audited can expose you to legal and financial risk. Here is a list…
IRS Notice CP2000 – Am I Being Audited?
IRS Notice CP2000 – Am I Being Audited? Have you received an IRS Notice CP2000? What does it mean? Keep reading to find out what you need to know. One of our attorneys was on a call with a client who received an IRS Notice CP2000. Before hiring Tax Law Offices, she called…
6 Red Flags That Can Trigger an IRS Audit
6 Red Flags That Can Trigger an IRS Audit The thought of having their tax return audited by the IRS is a huge fear of many Americans. Realistically, the odds of being audited are pretty low. Still, have you ever wondered what causes some tax returns to be audited and not others? …
Can IRS Tax My PPP Loan?
Can IRS Tax My PPP Loan? Business Owners – Did you know Paycheck Protection Loan forgiveness may not always be tax-free? Here are three things you need to know. #1 If you had a legitimate business in operation by February 15th, 2020, and took out a PPP Loan, your loan is…
Happy Holidays!!
Happy Holidays!! With so much focus on our Tax Matters practice, sometimes we forget just to stop to say THANK YOU! You have been a part of our year, no matter whether you’re a client, business owner, fellow accountant, or fellow lawyer. Our Tax Law Offices have enjoyed helping solve IRS tax problems for you and…
Experienced Attorney ONLY
Experienced Attorney ONLY HELP WANTED! Results matter. When you have a tax problem, you expect results. You don’t want empty promises, or big lawyer-sounding words. And you don’t want to waste your money! Right? Hiring an experienced attorney is the secret to getting the BEST results with your IRS tax collection problem. You want a lawyer with…
Using LLC’s to Get the Employee Retention Credit
Using LLC’s to Get the Employee Retention Credit It seems like everyone is talking about the Employee Retention Credit (ERC). First of all, what is the ERC? The ERC is a refundable tax credit for businesses that continued paying their employees while shut down during the pandemic. Businesses that had a large reduction…
What is Form-1099K? A Guide For Gig Workers
What to Do With Form 1099-K? Our 2-Minute Guide for Gig Workers Gig workers who use third-party payment applications like Venmo or CashApp may soon be seeing some changes. The IRS has recently reminded taxpayers that if they earned over $600 in income from selling goods or providing services, they may receive Form 1099-K….
3 Things to Know If You Get Paid Cash Under the Table
3 Things to Know If You Get Paid Cash Under the Table Getting paid under the table may seem like a win-win situation. You don’t have to keep track of your income, and even better, you don’t have to report your income to the IRS. If you don’t report your income, then you don’t…
IRS is Hiring New Agents – Should You Be Worried?
IRS is Hiring New Agents – Should You Be Worried? President Biden recently signed into law the Inflation Reduction Act resulting in $80 billion (yes, BILLION) in funding for the IRS. The funding will go toward multiple purposes, but the most talked about is the hiring of thousands of new IRS agents. …