Beating IRS Collections at Its Own Game
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The IRS Collections Process in a Nutshell
What is the IRS collection process? People not paying their taxes is a very serious issue for the IRS. It is something that we as tax practitioners call the tax gap. The IRS collection process is an increasingly serious step of collection measures designed to get people in compliance and make sure they stay in compliance.
The Complete Guide to IRS Audits
What Is an IRS Audit?
It is every small business owner’s worst nightmare … they have been notified by the IRS that they are going to be audited. IRS audits have a lot of bad connotations, but on a very basic level, an IRS audit is the IRS coming in and checking that your tax return was filed correctly.
Multi-State Tax Issues and Residency
An Overview of Multi-State Tax Issues and How They Impact Residency
Three key highlights:
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The first thing states like California look at for residency purposes is where your domicile is. Analysis of residency factors comes second.
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There are substantial tax savings from shifting residency out of high tax states.
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California and other states are aggressively auditing individuals and businesses. Protecting yourself is critical.
Multi-state tax issues do not just impact businesses. In fact, they impact people probably a lot more than they impact businesses. The reason for that is people move around a lot more than businesses do. This is especially true if you live in one state during part of the year, then live in a different state the rest of the time.