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Ashraf Boutros April 24, 2016 No Comments

What Should I Do With My IRS Notice? Call Us First!

It can happen to anybody, but nobody wants to receive and audit from the IRS. If you’ve never been audited before you are probably wondering why you’re being audited now, and what you’re supposed to do during an audit. At Total Tax Solutions, our tax experts are here to help you if you’ve received a notice of an audit from the IRS. The IRS can choose to audit anyone, and for a variety of different reasons. If they think there are discrepancies on your taxes they could choose to audit you. An audit is basically a double check on your taxes to make sure you have filed correctly. If you’ve received an audit, don’t try and deal with the IRS alone. Talk to our professionals at Total Tax Solutions today.

When the IRS chooses to conduct an audit, they’re reexamining your taxes to make sure everything was filed correctly. If something doesn’t add up and they find you were trying to hide something or not file everything you should have, you could face fines. It’s best not to try and deal with the IRS alone during an audit. Our tax professionals at Total Tax Solutions are experienced and can work with you during an IRS audit.

If you’ve been selected for an audit it doesn’t mean the IRS thinks you have something to hide or you’re trying to cover anything up. The IRS selects some audits randomly, and selects other audits because they’ve found something that they believe needs to be looked at again. The IRS can even audit past tax returns, and flag certain individuals to be audited in the future. When you’re being audited, the best way to go about it is to hire a professional. We’ll help you each step of the way and defend you during your audit.

What Should I Do With My IRS Notice?

If you’ve received notice of an audit and are unsure what to do, call Total Tax Solutions today. We’re here to help defend you against the IRS when you’re facing an audit. If you have questions regarding what to do after you’ve received an audit, call our tax professionals today. We’re committed to helping you defend yourself against the IRS. Don’t feel like you have to go into an audit by yourself. Call Total Tax Solutions today to get the best defense against an IRS audit in Lighthouse Point.

Ashraf Boutros April 5, 2016 No Comments

What is an IRS Audit and Why Am I Being Audited?

With tax season coming to a close, if you haven’t filed yet now is the time to stop procrastinating and get those taxes done. The last thing you want is to receive a letter from the IRS notifying you that you’re going to be audited. An IRS audit can be confusing and many people don’t know why they’re being audited. If you’ve received a notice from the IRS, don’t worry our team at Total Tax Solutions can help. You may have a variety of different questions when you’ve been notified that you’re going to be audited by the IRS in Lighthouse Point. The worst thing you can do is ignore the notice, because the IRS won’t go away. Getting help from a tax professional is the best way to help you understand and realize what you may face when you’re audited.

The IRS could audit you for a variety of different reasons. Usually the IRS will conduct an audit if they notice something that seems off about your tax return. An audit simply put is a reexamination of your taxes just to make sure that you filed correctly. If the IRS thinks you may not have reported all of your earnings or may have not reported something correctly, that’s when they’ll conduct an audit. Trying to hide things from the IRS usually won’t work and they’ll eventually find out about whatever you misfiled or failed to file. IF they find that you didn’t file correctly you could face significant fines from the IRS.

What many people don’t know is that the IRS can audit a tax return dating back six years. If you are facing an audit it’s best to get the help of a professional team of tax attorneys such as Total Tax Solutions. We’re here to defend you when you go up against the IRS during an audit. Even if you think your audit will go fine the IRS can then decide to go back through past years if they have any suspicion. In addition, they can flag you to be audited again in future years. Don’t mess around with the IRS, get help from Total Tax Solutions today.

There are a lot of problems that can occur during an audit if you don’t enlist help from professionals. At Total Tax Solutions we’re here to defend you and make sure your audit goes smoothly. If you’ve been notified that you’re going to be audited by the IRS, call Total Tax Solutions today to see how we can help you.

How Long Will it Take to Resolve My Tax Problems?

How Long Will it Take to Resolve My Tax Problems? “The hardest thing in the world to understand is the income tax.”- Albert Einstein

Let’s face it, the IRS sure hasn’t made income taxes, or other taxes for that matter, easy to understand. At Total Tax Solutions, we understand that it can be tough to understand your taxes. And when you’re facing tax problems, you’re more confused than ever before. If you’re dealing with an IRS audit or other tax problems, there’s no need to spend a fortune on a tax attorney in Lighthouse Point, there are equally knowledgeable CPAs who can provide more affordable assistance. Our team at Total Tax Solutions is here to help you overcome any tax problem. How long will it take to resolve my tax problems? It depends on many factors, but our team at Total Tax Solutions is here to help with services such as:

  • Audit Representation. If you’re dealing with an IRS audit, don’t go against the IRS all alone. At Total Tax Solutions, we can help with audit representation for problems big and small. We’ll fight for your best interests with our team of CPAs and enrolled agents who specialize in tax savings.
  • Wage garnishment resistance. Did you know that the IRS can seize up to 75 percent of your after-tax income when there’s a wage garnishment in place? Don’t let this happen to you! How long will it take to resolve my tax problems? At Total Tax Solutions, we can work to stop a wage levy or garnishment within hours!
  • Installment agreements. If you owe far more on your taxes that previously suspected, you may not have the funds to pay the IRS all at once. But the thing is, the IRS won’t give up on getting their payments back. We can help with an Offer in Compromise, but many don’t qualify for this option. In that case, our specialists can work quickly to set up installment agreements.
  • Penalty abatement. The IRS loves to include penalty after penalty on unpaid taxes. But, if you haven’t been able to pay your back taxes due to struggles within your family or your home, our team at Total Tax Solutions may be able to help remove many of the penalties you face.

These are just a few of the ways our CPAs at Total Tax Solutions may be able to help you with your tax frustrations. How long will it take to resolve my tax problems? The solutions you’re looking for can take a little time, it all depends on the circumstance. But not to worry, our specialists will work day in and out to provide the best solutions. Ready to take control of your tax issues? Call our office at (954) 946-4142 to get started.

What Should I Do with My IRS Notice?

What should I do with my IRS notice? Nobody ever wants to receive an audit from the IRS, but it happens to people all around the area. At Total Tax Solutions, we know that you may have many questions. What is an IRS audit? What should I do with my IRS notice? You may be tempted to simply ignore your IRS audit, thinking that if you don’t give it any attention, it will just go away. We all know this isn’t how the IRS works. If you’re dealing with an IRS audit or an IRS notice, it’s time to enlist the help of dedicated CPAs. Our team at Total Tax Solutions is here to help.

If the IRS thinks there are discrepancies in your tax reporting, they may schedule an audit. Audits can be done in three ways, by mail, at an IRS office or in-person at your business. It all depends on the issues the IRS finds on your tax return.

What is an IRS audit exactly? It’s a reexamination of your returns in which an IRS auditor checks to see that everything adds up. If the IRS feels that you didn’t report things properly, you can end up having to pay a lot more to the IRS than you previously thought. Our audit specialists at Total Tax Solutions are here to help prevent this from happening.

Did you know the IRS can audit returns that date as far back as six years? If you’re dealing with an IRS audit for a current or past return, it’s time to see how our team at Total Tax Solutions can help.

What should I do with my IRS notice? Well, at Total Tax Solutions we know you shouldn’t ignore an IRS notice! The IRS selects audits at random, and they also select audits based on abnormalities against statistical norms. If you’ve been selected for an IRS audit, don’t take it personally! Take it to our specialists at Total Tax Solutions. We’re the best team for helping defend your best interests during an IRS audit.

Our team at Total Tax Solutions can help negotiate on your behalf during an IRS tax audit. If you don’t enlist the right help for audit, there are a lot of problems that can arise. The IRS can start auditing past returns, and they can even flag you for more audits in the future. At Total Tax Solutions, we can help prevent these issues from arising. What should I do with my IRS notice? You should take it to our audit specialists at Total Tax Solutions! Call (954) 946-4142 to get started.

What is an IRS Audit?

What is an IRS Audit?Getting audited by the IRS can be a scary thought. It can send anyone into a panic. What if they penalize me? What if I have to declare bankruptcy? What if I got to prison? These are some of the thoughts that can race through your head. After all, how many people have ever told you about their “fun” experience with the IRS? Not many. But most people don’t really understand what an IRS audit is. Total Tax Solutions can help you understand your situation and what it means for you. Don’t waste time worrying when you can call someone who specializes in the field. Call us today at (954) 946-4142 to speak with a tax attorney.

Why would the IRS audit me?

The IRS may audit you if they notice a math error. Make sure to double-check your work if you are doing your taxes yourself. Simply telling the IRS “I made a mistake” may not cut it. Even if your mistake is unintentional you may be hit with penalties from the IRS. Be careful. Failing to report a Form 1099 can get you a visit from the IRS. Always assume the IRS knows of any income you may receive, even if it’s on a freelance basis. They may not catch you the first time or the second time, but eventually, if you keep withholding that information, they will.

If you claim too many charitable donations on your income tax this may raise a red flag with the IRS. Make sure you have proper documentation for your donations otherwise you could be in serious trouble if you try to claim them with no proof. If you claim too many business expenses, the IRS may want to speak with you. The question to ask yourself is: Were the purchases necessary for you to perform your work tasks?Claiming your home is your office when it isn’t can lead to trouble. A home office is defined as “a specific space in your home set aside for work only.” You cannot claim your breakfast table as a home office just because you make a few phone calls while eating. Numbers that look to round or perfect draw attention from the IRS. If you have to estimate, round off to the nearest dollar. For example, if you spent $374.93 on a printer, round up to $375 and not $400.

If you have any questions, or if you have been contacted by the IRS contact Total Tax Solutions right away. Give us a call today at (954) 946-4142 and let us help you with your tax situation.

 

Trust the Best Tax Attorney Lighthouse Point Has to Offer!

Tax Attorney Lighthouse PointIt’s that time of the year, again – tax season. The time of year when all your hard work and deductions from your paychecks finally pay off. But for some it isn’t that simple. Thousands of people find themselves in need of a tax attorney every year, especially if they own a business. But it doesn’t have to be a terrible experience. Total Tax Solutions in Lighthouse Point has tax attorneys that can help you if you find yourself being audited by the IRS or in other unfavorable tax situations. Give us a call today at (954) 946-4142 if you need a tax attorney.

A tax attorney in Lighthouse Point can help you in various ways. A tax attorney can absorb the stress of being audited by the IRS; they have experience dealing with them and most likely have seen cases like yours before. Sometimes, the IRS may have misunderstood some of the paperwork submitted or just have a few simple questions. Whatever the situation, a tax attorney can handle it. Give us a call today if you have gotten a notice from the IRS. Our team of attorneys will handle your case with the care it deserves. Don’t let yourself be consumed by worry or fear, Total Tax Solutions has the solution.

-If the IRS contact you, call a tax attorney right away, especially if you owe money. The IRS may have made a mistake, but a professional will be able to determine that for sure.

-A tax attorney will try to keep you out of jail (if your tax situation is indeed that serious). You can’t go to jail for not paying taxes; tax fraud on the other hand is a more serious offense and can land you behind bars.

-A tax attorney also knows the legal jargon buried in IRS documents. They can navigate them and have a clearer understanding of the terms used.

-A tax attorney can also distinguish how you should be taxed, either as an individual or as a business (this is especially relevant if you work from home).

-A tax attorney in Lighthouse Point can also advise you on how to lower your tax liability for the upcoming year.

Don’t wait until it’s too late, give Total Tax Solutions a call today and get the help with your taxes you need. Give us a call now and speak to one of our experienced tax attorneys. We are standing by waiting to assist.

What is an IRS Audit?

What is an IRS Audit?The IRS is a three letter word that everyone fears when it comes time for tax season. But after you’ve filed your taxes, you may have another problem- an IRS audit. But, what is an IRS audit? An IRS audit is the process in which the IRS reviews your accounts and financial information to ensure accuracy on your tax return. It may seem simple enough, but anyone that’s been through an audit can tell you that the IRS is not easy to work with. Even worse, if you don’t work through an IRS audit with the right assistance, you may wind up owing the IRS considerable sums. Not to worry, our team at Total Tax Solutions is here to help. What should I do with my IRS notice? Bring it to our office, we can help!

So, what is an IRS audit, exactly?

If you’ve received notice of an IRS audit, don’t panic. You’re not alone, in fact millions of Americans receive these notices each year. But, it’s important to find the right assistance for your audit. Don’t overpay for a lawyer, a CPA from our team at Total Tax Solutions can help! We’re here to provide the best tax audit representation, helping utilize IRS codes and bylines to defend your financial security.

If you’ve received a dreaded letter from the IRS, you may not know how to get started on getting help. Perhaps you have a lot of different questions. What happens next? What should I do with my IRS notice? Your next step should be to connect with our team at Total Tax Solutions. After all, the IRS has professionals representing their best interests, you deserve the same help.

At Total Tax Solutions, we’re well versed in the different issues that can arise during an IRS audit. But, we’re aggressive in your defense. We can help provide you, your family and even your business with the best IRS audit defense possible. The IRS can be incredibly intimidating and frustrating, so it’s important to bring in professional assistance. At Total Tax Solutions, we know the ropes when it comes to providing proper audit defense.

Our goal at Total Tax Solutions is to preserve your peace of mind, fighting to secure your funds. The IRS may want to take as much as they can during an audit, but with the help of our team at Total Tax Solutions, this doesn’t have to happen. If you’re facing an IRS audit, don’t fight them all alone. Get the best help possible by calling (954) 946-4142 and hiring and tax attorney in Lighthouse point you can trust!

File on Time Even if You Can’t Pay

File on Time Even if You Can’t Pay
Do you owe more tax than you can afford to pay when you file? If so, don’t fail to take action. Make sure to file on time. That way you won’t have a penalty for filing late. Here is what to do if you can’t pay all your taxes by the due date.

  • File on time and pay as much as you can.  You should file on time to avoid a late filing penalty. Pay as much as you can with your tax return. The more you can pay on time, the less interest and late payment penalty charges you will owe.
  • Pay online with IRS Direct Pay.  IRS Direct Pay is the latest electronic payment option available from the IRS. It allows you to schedule payments online from your checking or savings account with no additional fee and with an immediate payment confirmation. It’s, secure, easy, and much quicker than mailing in a check or money order. To make a payment or to find out about your other options to pay, visit IRS.gov/payments.
  • Pay the rest of your tax as soon as you can.  If it is possible, get a loan or use a credit card to pay the balance. The interest and fees charged by a bank or credit card company may be less than the interest and penalties charged for late payment of tax. For debit or credit card options, visit IRS.gov.
  • Use the Online Payment Agreement tool.  You don’t need to wait for IRS to send you a bill to ask for an installment agreement. The best way is to use the Online Payment Agreement tool on IRS.gov. You can even set up a direct debit installment agreement. When you pay with a direct debit plan, you won’t have to write a check and mail it on time each month. And you won’t miss any payments that could mean more penalties. If you can’t use the IRS.gov tool, you can file Form 9465, Installment Agreement Request instead. You can view, download and print the form on IRS.gov/forms anytime.
  • Don’t ignore a tax bill.  If you get a bill, don’t ignore it. The IRS may take collection action if you ignore the bill. Contact the IRS right away to talk about your options. If you face a financial hardship, the IRS will work with you.

In short, remember to file on time. Pay as much as you can by the tax deadline. Pay the rest as soon as you can. Find out more about the IRS collection process on IRS.gov. Also check out IRSVideos.gov/OweTaxes.

5 Reasons to File Your Taxes Electronically

By

Taxpertise

If you still paper file your federal and state income tax returns, you are missing out on the benefits of electronically filing. Listed below are five reasons the IRS claims that electronic filing is superior. Reconsider your approach this year.

1. Accurate and easy.  IRS e-file is the best way to file an accurate tax return. The tax software that you use to e-file helps avoid mistakes by doing the math for you. It guides you every step of the way as you do your taxes. IRS e-file can also help with the new health care law tax provisions. The bottom line is that e-file is much easier than doing your taxes by hand and mailing paper tax forms.

When you paper file an income tax return, your numbers are keyboarded into the IRS system. The keyboard artist handling your return could very easily make some disastrous errors that could result in a tax liability that you really do not owe and which may take months to resolve. These errors could possibly cause your return to be flagged for audit.

2. Convenient options.  You can buy commercial tax software to e-file or ask your tax preparer to e-file your tax return. You can also e-file through IRS Free File, the free tax preparation and e-file program available only on IRS.gov. Filing is free if you earned less than $60,000. If your income was greater than that, you still qualify to use free-fillable forms.

You may qualify to have your taxes filed through the IRS Volunteer Income Tax Assistance (VITA) or Tax Counseling for the Elderly (TCE) programs. In general, VITA offers free tax preparation and e-file if you earned $53,000 or less. TCE offers help primarily to people who are age 60 or older.

3. Safe and secure.  IRS e-file meets strict security guidelines. It uses secure encryption technology to protect your tax return. The IRS has safely and securely processed more than 1.3 billion e-filed tax returns from individuals since the program began.

I have never heard of a hacking incident of IRS data. In fact, mailing a return has a much higher risk of theft. Your name, address and social security numbers including those of your spouse and dependents are right there for any thief to acquire and use.

4. Faster refunds.  In most cases you get your refund faster when you e-file. That’s because there is nothing to mail and your return is virtually free of mistakes. Social security and name mismatches and other errors are immediately kicked out. Once you hit the button to e-file, be sure to periodically check the progress of the processing of your return. Some errors take 3-5 days to be detected and reported back to you.

The fastest way to get your refund is to combine e-file with direct deposit into your bank account. The IRS issues most refunds in less than 21 days. Early in the tax season, they can hit your bank account within 5 days! Beginning late February it begins to take longer. Last year, the average late season filing resulted in the direct deposit arriving within 10 days. But this year, with $900 million in budget cuts, it may take the IRS longer to process returns.

5. Payment flexibility.  If you owe taxes, you can e-file early and if you owe, you can set up an automatic payment on any day until the April 15 due date. You can pay electronically from your bank account. You can also pay by check, money order, debit or credit card. Visit IRS.gov/payments for more information.

Filing Fake Documents to Hide Income

Hiding taxable income by filing false Form 1099s or other fake documents is a scam that taxpayers should always avoid and guard against, the Internal Revenue Service said today. This scheme is one of those on the annual “Dirty Dozen” list of tax scams for the 2015 filing season.

“The mere suggestion of falsifying documents to reduce tax bills or inflate tax refunds is a huge red flag when using a paid tax return preparer.” said IRS Commissioner John Koskinen. “People should watch out for this type of scam especially when someone else prepares their returns.”

Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter any time but many of these schemes peak during filing season as people prepare their returns or hire people to help with their taxes.

Illegal scams can lead to significant penalties and interest and possible criminal prosecution. IRS Criminal Investigation works closely with the Department of Justice (DOJ) to shutdown scams and prosecute the criminals behind them.

Falsely Claiming Zero Wages

Filing a phony information return, such as a Form 1099 or W-2, is an illegal way to lower the amount of taxes an individual owes. These scofflaws use self-prepared, “corrected” or otherwise bogus forms that improperly report taxable income as zero. The taxpayer may also submit a statement rebutting wages and taxes reported by a third-party payer to the IRS.

Taxpayers should resist any temptation to participate in any variations of this scheme. The IRS is well-aware of this scam, the courts have consistently rejected attempts to use this tax dodge and perpetrators have received significant penalties, imprisonment or both. Just filing this type of return may result in a $5,000 penalty.

Some people also attempt fraud using false Form 1099 refund claims. In some cases, individuals have made refund claims based on the bogus theory that the federal government maintains secret accounts for U.S. citizens and that taxpayers can gain access to the accounts by issuing 1099-OID forms to the IRS.

In this scam, the perpetrator files a fake information return to justify a false refund claim on a corresponding tax return. Again, the IRS is well-aware of this scam, the courts have consistently rejected attempts to use this tax dodge and perpetrators have received significant penalties, imprisonment or both.

Don’t fall prey to people who encourage you to claim deductions or credits to which you are not entitled. Do not allow others to use your information to file false returns. If you are a party to such schemes, you could be liable for financial penalties or even face criminal prosecution.

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