We have all seen the television commercials hawking tax relief with “satisfied clients” shilling for the promoter. But will the IRS really compromise a tax liability? If so, when, how, and why?...more
3/12/2026
/ Business Taxes ,
Collection Action ,
Debt Collection ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Offer-in-Compromise ,
Partnerships ,
Penalties ,
Tax Authority ,
Tax Debt ,
Tax Liability ,
Tax Planning ,
Tax Relief
My recent blog, So, The IRS Has Selected Your Return for Audit, discussed the four types of IRS audits. What factors may trigger an audit of a business’s income tax return?...more
2/26/2026
/ Audits ,
Business Expenses ,
Business Taxes ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Marijuana ,
Misclassification ,
Penalties ,
Recordkeeping Requirements ,
Tax Audits ,
Tax Credits ,
Tax Deductions ,
Tax Fraud ,
Tax Liability ,
Tax Planning ,
Tax Returns
The Internal Revenue Service (“IRS”) audits 1% to 2% of small business income tax returns annually for one of two reasons: (1) something about the return (or information reported on the return) flagged the return for a closer...more
2/9/2026
/ Audits ,
Business Taxes ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Small Business ,
Tax Appeals ,
Tax Audits ,
Tax Court ,
Tax Deductions ,
Tax Liability ,
Tax Litigation ,
Tax Penalties ,
Tax Planning ,
Tax Returns
A couple of years ago, I wrote a blog about the importance of sending any correspondence to the Internal Revenue Service via Registered or Certified Mail or by an approved overnight courier, rather than relying solely on the...more
12/18/2025
/ Compliance Monitoring ,
Failure-to-File ,
Filing Deadlines ,
Filing Requirements ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Mail ,
New Regulations ,
Penalties ,
Regulatory Requirements ,
Tax Audits ,
Tax Forms ,
Tax Planning ,
Tax Returns ,
USPS