I highly suggest that you immediately pick up the phone and give us a call at (562) 251-1300 we can help. Here are ten facts you need to know about IRS Notices and Letters Each year, the IRS sends millions of notices and letters to taxpayers for a variety of reasons. I cannot emphasize this …
Did You Receive a Letter From The IRS? ..Don’t Panic! Read More »
Due to the current budget situation, including the sequester, all IRS operations were closed May 24 and they will also be closed on June 14, July 5, July 22 and Aug. 30, 2013. This means that all IRS offices, including all toll-free hotlines, the Taxpayer Advocate Service and the agency’s nearly 400 taxpayer assistance centers …
Sequester Caused IRS To Close On May 24, Four More Days To Come Read More »
Some taxpayers may need to make estimated tax payments during the year. The type of income you receive determines whether you must pay estimated taxes. Here are six tips from the IRS about making estimated tax payments. 1. If you do not have taxes withheld from your income, you may need to make estimated tax …
Estimated Taxes Big Headache But It Has To be Done Read More »
If you make a mistake on your tax return, it usually takes the IRS longer to process it. The IRS may have to contact you about that mistake before your return is processed. This will delay the receipt of your tax refund. The IRS reminds filers that e-filing their tax return greatly lowers the …
The April 15 tax-filing deadline is fast approaching. Some taxpayers may find that they need more time to file their tax returns. If you need extra time, you can get an automatic six-month extension from the IRS. Here are five important things you need to know about filing an extension: 1. Extra time to …
Need To File An Extension? Five Things You Need To Know First Read More »
The IRS uses third-party information reporting on forms in the 1099 series to increase voluntary compliance and improve collections. Beginning in 2011, legislation requires reporting of income in two areas: payment card (credit, debit and certain electronic transactions) and securities basis reporting. If you receive a letter or notice from the IRS, it will explain …
