Today’s routine is similar to many other days until you started opening your mail. In today’s mail is a notice that you are being audited by the IRS.
Now what do you do? Give your CPA a Power of Attorney. more…
Category: Tax News
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Tags: Audit, Certified Public Accountants, Civil Penalty, Connecticut, CPA, CT, Department of Revenue Service, DRS, Employment Tax, Excise Tax, Form 1040, Form 1041, Form 1065, Form 1120, Form 2848, Form LGL-001, Income Tax, Internal Revenue Service, Internal Revenue Service Audit, IRS, IRS Audit, IRS Representative, POA, Power of Attorney, Social Security Number, Taxpayers |
2 Comments
Recently, we were able to get a $49,000 IRS civil penalty waived for one of our Connecticut business clients. If we failed to get this penalty waived, this business would have closed its doors. more…
Category: Tax News
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Tags: Attorney, Bookkeeper, Civil Penalty, Connecticut, Connecticut Business Owners, CPA, CT, Form 2848, Form W-2, Form W-3, Income Tax, Income Tax Return, Internal Revenue Service, IRS, IRS Civil Penalty, Payroll Tax Return, Penalty, Penalty Waiver, POA, Power of Attorney, Reasonable Cause, Small Business, Tax Return, Taxpayer |
One Comment
With the Federal Estate Tax Exclusion of $5 million, many commentators have suggested estate planning is dead. I think this deserves a closer look.
more…
Category: Tax News
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Tags: Assets, Connecticut, CT, Divorce, Estate Planning, Estate Planning Attorney, estate tax, Federal Estate Tax, Federal Estate Tax Exclusion, Health Care Proxy, Intestacy Laws, Power of Attorney, Trust, Will |
One Comment
If you are audited by the IRS, the audit will either be a field, office or correspondence audit. You should not represent yourself in an audit; you should hire a CPA, Tax Attorney or Tax Preparer to represent you. Remember…the IRS has the right to audit a return within three years from the due date or filing date. more…
Category: Tax News
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Tags: Be Prepared, Books and Records, Boy Scouts, Correpsondence Audit, CPA, Field Audit, IRS, IRS Audit, Office Audit, POA, Power of Attorney, Tax Attorney, Tax Preparer, Taxpayer Representation |
3 Comments
Most taxpayers should not represent themselves in an IRS audit. Most taxpayers should have their CPA or tax preparer represent them. If they hire their CPA, they should not accompany them to the audit. Why? They might be tempted to answer unasked questions. more…
Category: Tax News
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Tags: Audit, Correspondence Audit, CPA, Form 2848, fraud, Fraudulent Return, Income Tax, IRS, IRS Audit, Power of Attorney, Russia |
6 Comments
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