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Tax Problem Resolution in the Inland Empire, CA

MyIRSRelief

Compliance with Tax Filings: All tax returns must be filed. The process involves submitting an application to the IRS with a detailed explanation of your financial situation, often with the help of a tax professional. How Can I Resolve Unfiled Tax Returns in Corona, CA? Victoria Gardens: Shopaholics rejoice!

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How far back can the IRS audit?

xendoo

Generally, the chances of the Internal Revenue Service (IRS) auditing you are low. However, businesses tend to have more complex tax returns, so auditing is a concern. Typically, the IRS only goes back to audit tax returns that you’ve filed within the last three years. How far back can the IRS audit tax returns?

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article thumbnail

How far back can the IRS audit?

xendoo

Generally, the chances of the Internal Revenue Service (IRS) auditing you are low. However, businesses tend to have more complex tax returns, so auditing is a concern. Typically, the IRS only goes back to audit tax returns that you’ve filed within the last three years. How far back can the IRS audit tax returns?

audit 52
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IRS Grants a “Do Over” to a Taxpayer Engaging in a Qualified Rollover

Withum

The taxpayer properly elects deferral by making an election on or before the due date (including extensions) for filing the tax return for the year in which the QSBS is sold. The taxpayer thus failed to properly elect deferral under section 1045 on his/her timely filed tax return (including extensions). Contact Us.

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Tax Deductions Guide 2021

inDinero Tax Tips

Claiming deductions can save your company thousands of dollars in income taxes. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . The IRS announced a plan to increase audits for small businesses by 50% for the 2020 tax year. Our CPAs Answer Your Top 5 Burning Tax Questions.

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Gross vs. Net Income: What Employers Should Know For Tax Time

inDinero Tax Tips

A crucial prerequisite for calculating net income is proper documentation of business expenses. You need to have a clear picture of what you’re spending on your business, not to mention the IRS requires documentation for all business expenses claimed on tax returns. This is how you’ll report the amount of federal tax withheld.

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The Reversal of Washington State’s New Capital Gains Tax – Now What?

Withum

Since the state doesn’t otherwise levy an income tax, the ultimate decision will impact individuals as well as many business owners who have sought tax residency in the state, which is often used to implement state tax strategies in planning for the sale of a business. State and Local Tax Services.