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    • All Posts (99) 99 posts
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    65. Why the IRS Audits You and What to Do if You Are Audited?

    62. What records should I keep for taxes and for how long?

    63. I made a mistake on my Tax Return, what should I do?

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    63. I made a mistake on my Tax Return, what should I do?
    • May 12
    • 1 min
    FAQ

    63. I made a mistake on my Tax Return, what should I do?

    You must file an amended tax return entering the corrected info and an explanation of why are you changing your report. Based on the...
    10 views0 comments
    64. Have you got a letter from the IRS? Don’t ignore it. Don’t panic and act on time.
    • May 12
    • 1 min
    Penalties

    64. Have you got a letter from the IRS? Don’t ignore it. Don’t panic and act on time.

    What to do: Verify why exactly the IRS sent you a letter. The agency categorizes notices to: – information letters (the agency wants to...
    7 views0 comments
    Don’t waste money on penalties!
    • Nov 25, 2021
    • 1 min
    Individual Taxes

    Don’t waste money on penalties!

    Don’t waste money on penalties! Penalties apply when you owe taxes or did not file a tax return or extension. Keep in mind that the...
    2 views0 comments
    C corporations deadline and penalty
    • Nov 24, 2021
    • 1 min
    Business Taxes

    C corporations deadline and penalty

    C-corporations must file a tax return on Form 1120 every year. The filing deadline on C corporation (Form 1120) is April, 15 this year...
    3 views0 comments
    IRS LETTER – DO YOU KNOW WHAT YOU ARE PAYING FOR?
    • Nov 24, 2021
    • 1 min
    Individual Taxes

    IRS LETTER – DO YOU KNOW WHAT YOU ARE PAYING FOR?

    IRS LETTER – DO YOU KNOW WHAT YOU ARE PAYING FOR? When you get a letter from the IRS asking you to pay, what do you do? Do you put it...
    4 views0 comments
    What Is a Tax Extension and Why Would I Need One?
    • Jun 18, 2021
    • 1 min
    Penalties

    What Is a Tax Extension and Why Would I Need One?

    If you don’t believe that you can get your tax paperwork together by the April deadline, then an extension is your best option. You can...
    3 views0 comments

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