Finding yourself in a tax controversy with the IRS can be a daunting and complex experience. Although tax controversies are stressful, there are ways you can approach your dispute with IRS and pursue a favorable outcome to your case. It can be helpful to understand...
Nobody wants to get audited. It is a frustrating process that drains time and requires effort. Worse, you are vulnerable to fines. If a criminal violation is discoverable, you may even wind up spending time behind bars. Over the past decade, the IRS has decreased the...
Business owners considering the sale of their enterprise in Washington State generally need to resolve any outstanding tax issues. For example, if your business has past-due tax liabilities, a potential buyer may not want to take on those debts. The Internal Revenue...
While a tax audit can seem daunting, cooperating with the IRS can help the process go as smoothly as possible. You should closely follow the instructions you receive on all official communications about your audit. These five errors can prolong the process of your...
Most working Americans must file tax returns every year. Those who fail to do so may face serious repercussions. If you have yet to file your tax return and the deadline has passed, you may be wondering how to handle the situation and fulfill your obligations as soon...
You just finished a grueling audit that seemed to go on for months. As of yet, the IRS has not notified you of an adjusted tax liability, but you want to be prepared in case it happens. Knowing what to expect will help you prepare for the meeting with the agent. As...
This past year, a British man named Giles Hembrough was contacted by the HMRC (Britain's tax collection agency) with a notice that he owed over 14 trillion pounds in taxes. To put that number in perspective, it's enough money to buy 93 million Lamborghini cars or 46...
The sharing economy is not a new concept. People have always rented out spare rooms, loaned their cars to other people and engaged in other types of "sharing" in exchange for money. Improved technology, though, provides platforms for consumers to loan money, borrow...
