Tag Archives: IRS

How To Prevent A Second IRS Audit

The 2014 IRS Data Book reports that 1.9 percent of sole proprietors with income under $100,000 and 2.3 percent of sole proprietors with income over $100,000 had an IRS audit in 2014. If you’re one of those businesses, you know the frustration and stress an audit entails, and you definitely want to avoid the experience […]

Top 5 Craziest IRS Stories of 2017

2018 is finally here and so is tax time! Maybe you’re anxious to push 2017 out of sight and out of mind. But let’s first take a beat to reflect on the wildest news stories of the past year related to the Internal Revenue Service (IRS). Trump’s Returns Require Extra Security Tax returns are supposed […]

Audited By the IRS? Take These 4 Important Steps

Only one percent of all tax returns undergo an audit, reports The Motley Fool. If you’re one of the unlucky few, however, the process can be stressful, particularly if you’re self-employed. Take these steps immediately to handle the audit in a professional manner. Verify The Audit’s Legitimacy You may receive a phone call claiming you’re […]

IRS Scam Report Update

In recent months, the IRS has issued a number of alerts to make taxpayers aware of a constantly evolving array of scams designed to impersonate the IRS. Whether by email, phone or text, these scams usually have a single goal in mind: To impersonate the IRS for the purpose of stealing your information, money or […]

Floyd Mayweather’s Tax Problems, What Can We Learn From Them? (Part 2)

Professional boxer Floyd “Money” Mayweather has reportedly resolved his tax bill of more than $22 million owed to the IRS, paid from his winnings from the August 26 bout with Conor McGregor, The Blast reports. However, the strategy he and his attorney used to deal with the levy threatened by the IRS is worth analyzing […]

The New IRS Partnership Audit and You

As of January 1, 2018, the IRS changed how it audits partnerships and limited liability companies. Intended to make partnership audits easier and more efficient for the IRS, the changes apply to any entity that chooses to be identified as a partnership when filing taxes. Let’s look at some key changes and how they might […]

Funniest Cartoons Ever Made Concerning the IRS

Now that we’ve passed the tax filing deadlines, it’s time to lighten up a bit. After all, if we can’t avoid paying taxes, it’s probably better to try to find something funny about the process. No more, thanks! When you get unwanted solicitations in the mail, one way to solve the problem is by writing […]

Are Millennials Terrified of the IRS? Why? Is the Fear Justified?

The statistics are in: more than any other generation, millennials do everything they can to avoid dealing with the IRS. According to information from NerdWallet and Bloomberg, millennials, those between the ages of 18 and 34, are the most afraid of filing their taxes compared with all other ages. They think they will overpay, underpay […]

7 Common Mistakes People Make When They Owe The IRS

If you receive a tax bill for $10,000 or more, and you owe the IRS, you might be shocked and frozen: what steps should you take? In your frustration, you can easily make disturbingly common mistakes that could even cost you more down the road. Read on for these common errors and how you can […]

IRS Getting You Down?

Is the IRS liability getting you down and leaving you drained emotionally, physically, and financially? Let us at Highland Tax Group, Inc. go to work for you on your IRS issue. We’re here when you need us!! Don’t let the IRS get you down, and more importantly, don’t hesitate to call us at 720-398-6088.  Happy […]