Here’s what taxpayers need to know about filing an amended tax return At the W Tax Group we often have taxpayers come to us after they discover they made a mistake on their tax return. Small tax return oversights are not reason for great concern, however you should address them immediately by filing a Form...
Every year the IRS mails letters or notices to taxpayers for many different reasons. Here are The W Tax Groups do’s and don’ts for taxpayers who receive an IRS letter: Don’t ignore it. Most IRS letters and notices are about federal tax returns or tax accounts. Each notice deals with a specific issue and includes specific...
Many small business owners may get behind on employment taxes or payroll taxes and think they will be able to cover whatever their balance is in the coming quarter, or by the end of the year. However, before that time comes they get a letter saying that not only is there an additional $10,000.00...
IRS collection statute expiration dates One of the most common questions that clients ask is “Isn’t there some kind of collections statute? I owed this balance way back in 1995, how can the IRS still be trying to collect it from me?”. I have heard many clients and potential clients say they know with certainty...
The IRS has started to employ a new and creative method to force taxpayers to the table. More and more we are seeing the IRS referring cases to the state department and ultimately going after taxpayers’ passports. The State Department generally will not issue a passport to you after receiving certification from the IRS....
