TAX CONTROVERSY

3 Big Changes In Partnership Audit Rules Beginning 2018

Did you know there are new rules for IRS audits of partnerships that affect all partnerships and LLC’s taxed as partnerships? David White highlights key changes including taxes assessed at the partnership level, partnership IRS representative requirement, and shift of tax burden & timing — as well as important next steps for partnerships to [...]

March 5th, 2018|TAX CONTROVERSY, VIDEO|

IRS Correspondence Letter: Your New Pen Pal the IRS

  Bill. Bill. Junk mail. Magazine. Bill. Junk mail. Bill. That’s pretty much what most people find when they reach inside their mailbox every day. What most people probably don’t expect is an IRS correspondence letter. So what should you do if you get one? Step 1: Resume breathing. While the IRS probably isn’t inviting you [...]

December 17th, 2017|TAX CONTROVERSY|

Getting Off of the Hook for IRS Misclassifying Worker Claims Just Got Easier…

To defend against tax liability, employers may be allowed to access the individual tax returns of its independent contractors whom the IRS have reclassified as “employees”. Those returns could reveal that the employees had already paid income tax on their earnings, thereby reducing the employer’s liability for withholding taxes. This access is all thanks to [...]

June 16th, 2017|JULY 2017, TAX CONTROVERSY|

Business IRS Audit Letter: Stop Getting Noticed

What should you do if your business receives an IRS audit letter? Keep calm and call your CPA. Receiving an IRS audit letter or nuisance letter is actually more common than you might think. The IRS regularly notifies businesses upon discovery of mathematical errors, when they receive information that conflicts with a tax [...]

May 21st, 2015|TAX CONTROVERSY, VIDEO|