If you do not have old tax documents, you can still file accurate tax returns by using IRS records and other available information to reconstruct your financial history. Many clients contact us because they want to file, but do not have their old paperwork. Documents get lost, moved, shredded, or destroyed over time. Fortunately, you […]
Tax Penalties
Who Qualifies for IRS Forgiveness?
You’ve probably heard about IRS tax forgiveness – this phrase is used heavily in tax relief advertisements, and it’s an enticing idea for people with tax debt. So, is it real? Is it possible? Yes, the IRS does forgive some taxes – but only if you qualify. To help you out, this post explains who […]
Will the IRS Find Out I Haven’t Filed Taxes?
Whether you haven’t filed your taxes on purpose or time just got the better of you and you forgot, don’t assume that the IRS hasn’t noticed. Yes, the IRS has to keep track of over 150 million tax returns each year, but it is very difficult to slip through the cracks. While you may think […]
Estimated Tax Payment Penalties- How It Works
Last March, attorney Michael Avenatti, who is best remembered for his representation of actress Stormy Daniels, proved that failure to make estimated tax payments is a bad idea. In addition to being charged with providing false tax returns for 2011-13 in order to receive $4.1 million in loans, the U.S. Attorney’s Office in Los Angeles […]
