Taxes are a topic that some people truly hate talking about. They can be stressful, and it can seem like all your hard work results in sending money to the government.If you're sent a letter that the IRS is going to complete an audit, it's time to take steps to...
Protecting yourself if your spouse or ex made tax mistakes
Getting married often means sharing everything from a last name to a home. You also typically merge your financial accounts and begin to share assets and debts. There are certain benefits to this practice. Especially when it comes to taxes, you and your spouse can...
How to prepare for a tax audit
No matter who you are, the IRS has the legal right to select your tax return for an audit. As scary as it may be, just because you're faced with a tax audit doesn't necessarily mean you'll owe additional money.The first step in the tax audit process is a notification...
Eliminate tax debt with an Offer in Compromise
Sometimes, things happen that make it impossible for you to pay a tax bill. Your savings might be stolen by someone who has infiltrated your bank account, you might lose a job or you could simply not earn enough to save what you need for taxes. Perhaps the money your...
Failing to report your cryptocurrency could lead to an audit
In many ways, cryptocurrency seems like it shouldn't be something you need to tell people about. After all, the word crypto itself means secret or hidden. Bitcoin and other similar popular digital currencies serve as a way for people to complete international...
The most audited counties in Texas
The potential for an audit was likely in the back of your mind as you filed your taxes. You carefully keep track of every tax document that arrives in the mail and look over your return for errors. If someone else does your taxes for you, you trust that they've taken...
What do I need to know before my business’ first audit?
Before you owned your own business, tax season came with its complications. Now, with a new company, your taxes likely became even more difficult. There are many pieces to the puzzle, and it can be hard to know if everything is correct when you send it into the...
Know your rights during an IRS audit
As a taxpayer, you have several rights when dealing with the Internal Revenue Service (IRS). It is good to know these rights all the time, but this knowledge is especially important if you have been selected for an IRS audit because your rights as a taxpayer do not go...
