by Kelly Coughlin | Aug 9, 2023 | Dealing with Taxes and Tax Debt
Tuesday is the day of the week we focus on eliminating tax debt and reducing current and future tax expenses. If you think the only people with unpaid taxes are deadbeats and losers, you are wrong. US individual and business taxpayers pay an average of 50% of their...
by Kelly Coughlin | Jul 31, 2023 | Dealing with Taxes and Tax Debt
Navigating through IRS audits might sound daunting, but arming yourself with the right approach can make a world of difference. Here’s a concise breakdown to help you respond effectively in both correspondence and in-person audits. Clear, Concise, and Credible...
by Kelly Coughlin | Jul 30, 2023 | Dealing with Taxes and Tax Debt
Facing an in-person audit might feel like stepping into a maze, but the right guidance can make all the difference. In this article, we’ll delve into the importance of having representation during in-person audits and how it can streamline the process for you....
by Kelly Coughlin | Jul 29, 2023 | Dealing with Taxes and Tax Debt
Facing an expense audit might seem overwhelming, but with the right approach, you can tackle it like a pro. In this article, we’ll guide you through the process of organizing your bank and credit card records to breeze through your expense audit. Understanding...
by Kelly Coughlin | Jul 29, 2023 | Dealing with Taxes and Tax Debt
Getting ready for a revenue audit doesn’t have to be overwhelming. Let’s break it down into easy steps to help you stay in control. Step 1: Gather Bank Statements For the tax year in question, gather PDF copies of all your bank statements. Some...
by Kelly Coughlin | Jul 28, 2023 | Dealing with Taxes and Tax Debt
Getting that audit letter can be nerve-wracking, but understanding the type of audit can ease the process. Let’s dive into what to do when you receive that invitation. Step 1: Income or Expense? First things first, figure out whether the audit is about your...