Accounting News and Notes

Duluth GA/Johns Creek/Suwannee Faith Based CPA: Tax Advice on Income Tax

Many business owners and individuals alike chose not to contact a GPA about their corporate and personal income tax returns until they are contacted by the IRS. An IRS audit is a common precipitating triggering even leading to retaining a CPA for when it is when the IRS notice first arises that a CPA is frequently called, especially if it is a tax lien, levy or assessment.

At His CPA PC we have decades of wisdom and experience handing IRA audits and appeals for Georgia corporate and personal income tax returns including tax issues, for example:

• Tax notices requesting information about your company including where it banks and a list of the corporate officers.
• A request by the IRS for you to complete either IRS Form 433B for your business or IRS Form 433A which is a Collection/Information statement that the IRS can use to assist in its collection efforts.
• A tax notice is frequently a warning sign for taxpayers that need to be taken seriously.
• A history of unpaid and unfiled corporate and personal income tax returns, payroll tax and sales tax reports and failure to make timely estimated payments/substantive payroll withholding.

Be Careful to Danger

IRS tax law requires due process and a series of notices that have to be made before Enforced Collection Efforts can be done. These notices are danger signals that need to be taken seriously before specific assets are seized. Frequently what my appear to be inconsequential to yourself may indeed be a notice of IRS tax problems to come. There are many danger signs taxpayers should take seriously.

Be sure you work with a CPA before the IRS escalates and issue to either Enforced Collection Efforts or Tax Court. It is time you upgraded your CPA services to a Faith Based CPA Firm?

This entry was posted on Wednesday, December 14th, 2011 at 11:14 am and is filed under IRS Representation, Back Taxes, Offer in Compromise, IRS Tax Problems, Tax Advocacy.
Tags: assessment, Corporate and Personal Income Tax Returns, Daner Signals, Enforced Collection Efforts, Faith Based CPA Firm, Georgia corporate and personal income tax returns, history of unpaid and unfiled corporate and personal income tax returns, IRA audits, IRS Form 433A, IRS Form 433B, IRS Notice, IRS Tax Law, Levy, Preparing for & Surviving an IRS Audit, Tax Advice on Income Tax, Tax Court, Tax Lien, Tax Notices. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.