Jun 27, 2023
What Issues Are the IRS Looking for When They Audit Small Businesses?
If you happen to be an S Corp,
they'll be taking a closer look at your shareholder compensation. If your salary is
unreasonable or too low, they might flag you for not paying enough Social Security
or Medicare taxes.
They'll also check
that...
Jun 20, 2023
We've noticed quite a few taxpayers receiving letters from the IRS lately, specifically a CP508. This notice is typically sent out when the IRS is certifying your tax debt, usually if you owe $50,000 or more - but in 2023, that threshold will be $59,000.
Essentially, the notice will inform you that the State Department...
Jun 15, 2023
Hey there, it's Jonathan Donenfeld from JLD Tax
Resolution Group, and I have news to share regarding the recent hiring of new IRS
agents. From what we've gathered, the IRS has brought on roughly 10,000
agents.
These agents are mainly divided
into two groups
- one focused on providing uplevelled customer service,
while...