What to do if you get a letter from the IRS.

The IRS mails millions of notices and letters to taxpayers each year. There are a variety of reasons why you might get a notice. Here are 10 tips to know in case you get one. 1. Don’t panic. You often can take care of a notice simply by responding to it. 2. An IRS notice typically will be about your federal tax return or tax account. It will be about a specific issue, … [Read more...]

Audit Settlement Program from the IRS

The Internal Revenue Service announced this week they are implementing a nation-wide program that expedites settlements for small businesses being audited by the IRS. The program is called Fast Track, and it was created to help small businesses and self-employed people have the same alternatitive dispute rights that big businesses have had for years. Under the Fast Track … [Read more...]