Tips to Avoid Audits Principal Attorney Ronson J. Shamoun gives a few tips on how to avoid an audit. Overall, we generally recommend that you retain counsel to guide you through the audit process. Although there are costs associated with hiring representation, they are normally worth the investment as it helps to minimize your overall
irs audits
IRS Tax Lien – Release and Subordination
IRS Tax Lien – Release and Subordination When a taxpayer has an IRS lien placed against them, resolving the lien is of the utmost importance in reducing its impact on the taxpayer, especially in regards to the taxpayer’s financial situation and credit. If a taxpayer has the means and can pay off the balance of
IRS Tax Lien – Avoiding a Lien
IRS Tax Lien – Avoiding a Lien IRS Tax Lien – a dreaded word to the average American taxpayer. However dreaded the words are, many do not know what a tax lien is, or what to do when faced with the potential of having one placed against them. A tax lien occurs when the IRS
Understanding an IRS Audit
An IRS audit is a review of a business or individual’s tax return to ensure that everything was reported correctly in compliance with applicable tax laws. By law, the taxpayer is only required to pay the exact amount of tax owed, no less and no more. Consequently, if a taxpayer incorrectly reports his or her