In 2015, Congress adopted a centralized audit regime for the partnership (the partnership audit rules) that assesses and collects federal taxes due to a partnership-wide audit entity....
Posted by Elliot Kravitz, ATP on 02/25/2020
Having a new job is one of the best things that can happen to man, especially when you consider the impact on your financial life. Many potentials come with this new life. Many people,...
Posted by Elliot Kravitz, ATP on 01/19/2020
In general, if the IRS refuses your statement, it's probably because it contains an error other than a simple mathematical error. The IRS generally corrects mathematical errors...
Posted by Elliot Kravitz, ATP on 11/05/2019
Rejecting tax extension application through e-file or on paper isn’t really something that the IRS would do a lot of times. However, they have rejected tax extension applications...
Posted by Elliot Kravitz, ATP on 04/17/2019
Figuring out what went wrong is a step you should take immediately. If you file a return and the IRS somehow rejects it, many things could be responsible, and you must know why. If...
Posted by CORE PERFORMANCE on 04/17/2022
Originally enacted on July 4, 1966, the Freedom of Information Act established a legal right of public access to information from the executive branches held by the federal government....
Posted by CORE PERFORMANCE on 02/14/2022
Not all small business owners want (or need!) to know how to find a tax professional. And if you feel like it's not good for you, that's fine.But if you decide that when tax...
Posted by Karen Munoz, EA on 11/11/2021
If you think you don't have to pay certain federal penalties or interest, you can request an IRS penalty abatement. If you qualify, the IRS will waive some or all of your penalties.To...
Posted by CORE PERFORMANCE on 11/11/2021
Almost every gambler looks forward to winning when they bet on a sport. Unknown to most gamblers; however, the taxman also wants his cut. Uncle Sam considers sports betting winning...
Posted by Karen Munoz, EA on 10/30/2021
