Tax Audits

Those who open their own business likely know that they must be more than fluent with the service or product they intend to provide—they...

Although the Internal Revenue Service might send an audit letter to a California resident’s home, that does not necessarily mean the...

Complying with tax laws is a complicated task, and errors can be made. Due to slowdowns and disruptions in processing tax returns in...

The IRS conducts tax audits in California and all around the United States. On average, the IRS audits four out of every 1000 taxpayers....

The Inflation Protection Act has set aside a whopping 45.6 billion dollars to hire a slew of new IRS agents. How will this affect...

In a previous blog post we discussed whether high-income and high-asset individuals really face a greater audit risk than taxpayers of...

For an array of reasons, some taxpayers have not filed taxes in years.  Motivations for this approach to taxes vary, but some taxpayers...

When taxpayers begin to suspect that they may have made simple or complex tax errors on past tax returns, one of the first things they...

For investors, entrepreneurs, and other business-minded individuals the Wall Street Journal is the gold standard for business and...

At NewPoint Law Group, LLP, we recognize that there are often significant misconceptions about the tax system and the tax agencies’...

For weeks you stressed over getting your income tax and report of foreign accounts in order. You spent time tracking down W-2s, various...

Taxpayers who receive a letter from the IRS are often distressed and anxious about the possibility of having to pay additional taxes,...

In California, the state income tax obligation is administered by the California Franchise Tax Board (FTB). Essentially, the California...

For taxpayers holding significant investments and offshore accounts, it is no secret that the IRS and U.S. government have...

Most people probably assume that wealthy individuals are priority number one on the IRS’s radar. There is some truth to this...

Most taxpayers are highly aware that an audit launched by the IRS can begin a painful process where your finances and tax compliance are...

If you’ve fallen significantly behind on your debts, you may engage in negotiation with creditors to reduce or eliminate certain parts of...

You’ve been contacted by the IRS through letter or notice. While you hoped that the notice would state that the IRS had taken some action...

You filed your taxes on time and didn’t expect to face any issues. In fact, you were looking forward to putting them out of your mind...

For many Americans, filing taxes is both a matter of duty and a function of fearing the consequences of what will happen should he or she...