Tax Advice
If you receive a letter from the IRS- DO NOT ASSUME THEY ARE RIGHT
The IRS tries to match the information in their databases with the information in your tax return, and when they don't find a match, you get a letter.
Sometimes, you made a mistake, and you will owe some money.
Sometimes, the computer makes a mistake, and you owe nothing.
Whether you made a mistake or not, check with a professional before you pay the bill.
The IRS does not calculate your tax return in a way that is favorable to you, and in many cases, you owe far less than what they are asking for.
If you can't pay the tax that you owe- FILE YOUR TAXES ANYWAY
The IRS has two penalties for individuals who don't file or pay their taxes by the April 15th deadline.
Failure to file tax return by the deadline
Failure to pay tax due by the deadline
The penalty for not filing is TEN TIMES larger than the penalty for not paying the tax that is due.
If you are unable to come up with the money that you owe, we can help you work out a payment plan with the IRS to avoid tax liens and levies.
If you made a mistake on a prior tax return- CORRECT IT AS SOON AS POSSIBLE
If you made a mistake and underpaid your taxes, you can often avoid some penalties by correcting your return before the IRS catches the mistake.
If you overpaid your taxes, the IRS will only send you a refund if you make the corrections within three years of the date the tax return was originally due.