1. Handling IRS Audits – IRS Information Document Request (Form 4564)

    As a Certified Public Accountant, you may represent your clients in an IRS tax audit, and you need to know how to handle the IRS Information Document Request (IDR). It’s important to know that there are several different types of IDRs also known as Form 4564. More specifically, each IDR Form 4564 can be different per client due to the IRS requesting specific information per your clients’ tax s…Read More

  2. Handling IRS Audits – Unreasonable IRS Agents

    Dealing with an IRS Revenue Officer can be overwhelmingly intimidating — especially if one stops by your home or business for the first time unannounced. You may feel like your heart is racing. You’re confused. Frankly, it doesn’t make sense as to why the officer is at your door. As far as you’re concerned, you paid what you owed. Now, the anxiety you may be feeling due to this encounter i…Read More

  3. Handling IRS Audits – Mistakes On Return By Your CPA

    It’s common to assume that when you hire a Certified Public Accountant (CPA) that your taxes are going to be error free. In a large majority of cases, your taxes will be safe in the hands of a CPA. But what happens when you are notified of an error or you discover an error that costs you hundreds or thousands? In this article, Jeffrey Anton Collins, your tax consultant, will be sharing how to ha…Read More

  4. Handling IRS Audits – Employee vs Contractor Issues

    It is your responsibility as an employer to classify your workers, whether they’re an employee or independent contractor. These classifications determine how much you need to withhold as an employer. If you classify an individual as an employee, but you do not withhold and pay your proper employee taxes, the IRS will keep you on the hook for unpaid taxes. Did you know that the IRS assessed 5.9 m…Read More