Eligibility Requirements Of An S-Corp

Forming an S-Corp can have several advantages both tax related and non-tax related but, before you start planning to form an S-Corp you need to know whether your ...
Read More

S-Corps and The Reasonable Compensation Dilemma

If you're reading this blog, chances are you're either considering forming an S-Corp or you have an S-Corp and are trying to determine the amount of salary you need ...
Read More

The Information You Need To Prepare For An IRS Audit

The short answer to this question is all the information you have. However, if you're asking yourself this question, you may really be asking whether the information ...
Read More

No Decrease In Tax Assessments From IRS Audits For The Self-Employed

The decrease in IRS audits over the past few years has many assuming their chances of being audited have also decreased. Although this is true for most taxpayers...it ...
Read More

Do I Have To Go To The Audit? Four Common Types Of IRS Audits

Receiving an IRS audit notice is never something you will look forward to but, not all audits are the same. Most people assume that being audited by the IRS means ...
Read More

How Does Your Tax Return Get Selected For An IRS Audit?

One of the most stressful tax related experiences is receiving a notice from the IRS stating that they want to examine your tax return. Now you'll need to provide ...
Read More

IRS Levy Considerations for Federal Contractors

In a typical collection case, under IRC § 6330(a) the IRS is legally required to provide due process before proceeding with seizures, levies, garnishments, etc. ...
Read More

What You Need To Know If The IRS Levies Your Social Security Benefits

Many people rely on their social security benefits as a way to bridge the gap between their retirement income and their monthly expenses. For others their social ...
Read More

Differences Between A Wage Garnishment and Contractor's Levy

The last thing you want to hear from your employer is that they have been ordered by the IRS to withhold money from your paycheck. But, what if you're self-employed? ...
Read More

How To Separate California Income Tax Debt In A Divorce Agreement

Going through a divorce can be a complicated process. Dividing up assets, going to custody hearings, and arranging a new living situation for yourself is enough to ...
Read More