Category Archives: Tax preparation

Taxpayer’s Rights

When it comes to dealing with the IRS, you are in the driver’s seat. Due the to various bouts of Congressional grand standing and political theater, the tax code is riddled with provisions that help out individuals. Hit with an … Continue reading

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A 2nd chance with your IRS Audit, aka an audit reconsideration

What would you do if the IRS told you you owed them a few million dollars, and they were wrong?  Wouldn’t you spring a couple thousand dollars for some legal help? It appears the taxpayer, Mr. Seifert, in a recent … Continue reading

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Levied by the IRS, how does the shutdown affect you?

Have you had your wages or bank account garnished by the IRS?  Is the IRS taking away your social security? That’s exactly what happened to one couple, the IRS started to levy or garnish the couples social security benefits (Yes, … Continue reading

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Your LLC needs an attorney in court

Lawyers cost money, lots of money if there is going to be a trial involved.  We know times are tough.  We know people like to save money.  Unfortunately we also know some will try to save a few dollars when … Continue reading

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Going to Tax Court

If you don’t agree with the results of an IRS audit you always have the chance to appeal your case to tax court.  However do you really stand a chance in tax court? In theory the judges are impartial and … Continue reading

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IRS’s idea of tax simplification

The modus operandi of a number of IRS auditors is to make a statement regarding your taxes and wait for you to rebut the statement.  They pretty much operate on a guilty until proven innocent theory. If you have a … Continue reading

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IRS Installment Agreements are going to cost more

Owe the IRS money?  One of the simplest solutions when you owe the IRS money is to ask them to accept payments.  The official name for this is to request an installment agreement. There are a few different ways to … Continue reading

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Thinking of Forming a Nevada Corporation?

Everyone has at least one friend who brags about forming a Nevada corporation so they can avoid California taxes and get better asset protection.  The challenge is that friend is wrong. How wrong?  California considers anyone who is doing business … Continue reading

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Dependent deductions for non-relatives

Can you claim a dependent deduction for someone who isn’t related to you by blood or marriage?  The answer is yes. Under the tax code you are allowed to claim anyone who lives in your household who is dependent upon … Continue reading

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Want to negotiate with the IRS? Read this.

Settle with the IRS for pennies on the dollar.  Wipe out your tax debt.  If you watch enough TV you would wonder why in the world anyone would pay the IRS if it is so easy to wipe out tax … Continue reading

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