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Complete List of IRS Notices
In our past blog post, IRS Notices Decoded: What Your IRS Notice Means we reviewed the reasons you may have received a notice from the IRS, advised how you should move forward, and provided a list of common IRS notices with their definitions. Since it’s tax season we decided to one-up ourselves and provide you […]
I Got a Notice Of Deficiency From The IRS. What Should I Do?
Estimated reading time: 5 minutes What You Should Do After Getting an IRS Deficiency Notice First, take a deep breath and relax. A deficiency notice is not a bill. It simply outlines information sent to the IRS by a third party and proposes how it may affect your taxes. The IRS cross-references information filed on […]
Pioneer Claims I Owe Money to the IRS. Is This Legit?
Estimated reading time: 8 minutes Are you wondering how ConServe Accounts Receivable, Pioneer, or another private debt collection firm could be collecting your taxes? It turns out that sometimes the IRS turns to private debt collectors too. ConServe is a private debt collection agency. They are notorious for the management of defaults on student loans. […]
IRS Notices Decoded: What Your IRS Notice Means
Estimated reading time: 8 minutes You have received a letter or notice from the IRS. Of the many questions going through your head, the most important one is likely, “what does my IRS notice number mean?” Whatever the case may be, if you received a letter or notice from the IRS it is most likely […]
How to Respond to an IRS Notice Letter (or IRS Notice of Deficiency)
Estimated reading time: 4 minutes. You have received an IRS Notice letter in the mail. On its front are stamped the letters “IRS.” The pit of your stomach drops and this once innocuous envelope now holds your full attention. What do you do next? Open Your IRS Letter First, open it. It may not be […]
You Met the Tax Filing Deadline, Now What Are The Chances You Will Face An IRS Audit?
Update: For recent information abotu IRS audits view IRS Statute of Limitations:How Far Back Can the IRS Audit You? The following article is from Forbes Magazine ” After much worry and angst you successfully met the filing deadline for your tax return. Now you are obsessing about a new worry: Will that return be audited by […]
Choosing the Right Business Structure When Starting a Business
Estimated Reading Time: 5 Minutes So you have decided to start a new business. You have your business plan and have arranged for the necessary financing. The next critical step that a business owner needs to take is to select the type of entity to use to operate the business. Choosing Your Business Structure There are […]
October 15th – Personal Income Tax Extension Filing Deadline – Now What?
The 2014 tax calendar year has finally come to an end for both business and individual taxpayers. Managing the daily, weekly, monthly finances of a household or business is a complex task. An extra set of trained eyes to help review financial transactions can be an incredibly resourceful tool. Boxelder Consulting is a full service […]