How Far Back Can the IRS Audit You?
Normally, the IRS can go back 3 years to audit you, but they can sometimes go back 6 years or indefi [...]
Tag: Tax Penalties
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What is Sales Tax Nexus?
Failing to keep track of your sales tax nexus can lead to massive tax bills from multiple states.
CP2000 Crypto Letter from the IRS: How to Respond
Did you receive a CP2000 letter about cryptocurrency taxes? We can help!
IRS Removes an Option to Correct Foreign Reporting Errors
The IRS recently removed one of four options to correct foreign-based reporting omissions. The Delin [...]
California Is Hunting for Income Tax from Out-of-State Sellers
Does your ecommerce business sell to customers in California? Then you may receive a notice from the [...]
Did You Receive IRS Letter 6174, 6174-A, or 6173?
If you received an IRS crypto warning letter, you should call us sooner rather than later.
IRS Voluntary Disclosure Program
The IRS Voluntary Disclosure Program (VDP) gives taxpayers a chance to avoid criminal tax charges by [...]
FBAR Penalty: Non-Filing and Other Violations
The FBAR penalty—whether you fail to file or file inaccurately—can be serious, including hefty f [...]
Audited by the IRS: What to Do Next
First, don’t panic. If you got a letter from the IRS, are freaking out, and need to speak with som [...]