irs audit

Can I Still File Taxes if My Previous Year’s Returns Are Being Audited?

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Wondering if you can file your current year’s taxes while your previous year’s return is being audited? The short answer is yes, but there’s more to it! Discover how a disallowed Net Operating Loss or other audit findings can impact your future returns, and whether it might make sense to wait or file now. Get ready to avoid unexpected surprises when dealing with capital losses, operating expenses, and more.

Can Unmarried Parents Living Together Each Claim Head of Household and Children?

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Navigating tax filing statuses can be tricky, especially for unmarried parents who live together. One common question is whether both parents can claim head of household status and the children if they are not married but live together.

Real Case: How We Saved a Client Over $6,000 Due to Self-Employment Income Reporting Error

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Learn how we assisted a client facing an IRS audit with a proposed tax increase of over $8,000 due to unreported self-employment income and expenses. Our meticulous approach, timely response, and thorough documentation led to a significant adjustment, saving the client over $6,000 and earning their trust and recommendations.

Real Case: How We Saved a Client Over $17,000 in Taxation on Roth IRA Distribution

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Issue: Roth IRA distribution kicks in taxable income. Here’s the kicker: it should not. $$ at Stake: over $17,000 When a client received an audit letter from the IRS proposing a tax increase of over $17,000, they turned to us for assistance. Unfamiliar with the complexities of taxation, the client was unsure about the reasons … Read more

Real Case: How We Saved a Client Over $25,000 in IRS Audit Woes

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Discover how we helped a client facing an IRS audit with a proposed tax increase of over $25,000 due to reporting errors. Our thorough analysis, timely response, and gathering of supporting documents led to the IRS removing the bill entirely, resulting in significant savings for the client.

Real Case: A Client’s Relief from a Nearly $9,000 IRS Audit Bill

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Learn how we helped a client facing an IRS audit for their side business expenses, resulting in an almost $9,000 bill. Our expertise in IRS audits and meticulous gathering of supporting documents led to the IRS removing the bill entirely, providing significant relief and a major win for the client.