Dealing with the IRS is made more frustrating by the complete lack of help you will receive from the IRS employees. The publications they print are hard-to-follow and offer no guidance. Any letter you receive from them is packed with methods to pay but little advice on how to fight. The reason for this is […]
IRS Procedures for Business Taxes
Business taxes are often not Income Taxes because a small business doesn’t usually pay Income Taxes. That is because many are either S Corporations or LLC’s. Thus, the entity could never be responsible for income taxes since the taxes are passed through to the owners. However, the tax typically imposed on S Corporations & LLC’s […]
Identity Theft Letters & Notices from the IRS
Identity Theft has become a major problem in the US but there are different problems associated with different kinds of ID theft. Identity theft of your credit card or bank information has a different effect on you than someone filing false documents on your behalf with the IRS. The effect on you depends on which […]
Beware Tax Scams
Types of Fraud The definition of “fraud” has a legal (civil & criminal) implications explored in Criminal Actions & Penalties. It is essentially trying to gain an influence over someone by deception. Taxpayer Fraud In the 1980’s there were a lot of tax scams involving bogus deductions or credits to obtain large refunds as well […]
