Tax

What to do if you made a mistake No one is perfect. We all make mistakes. This rule certainly applies to taxes and is only compounded by the fact that you are often at the mercy of third parties to send you the information in a timely and accurate manner.

I regularly get questions from individuals that have been assessed an additional tax, either from an audit or just a notice with little explanation. The letter makes it sound like there is they have no choice but to pay.

Getting audited by the IRS is a stressful event in the best of circumstances. When you get a letter from the IRS, it can be hard to know how what you should do or how to respond.

The rollout of the Payroll Protection Plan loans has been fraught with peril for not only those trying to take the benefit but also for those advising them. The program’s stated goal was to provide a quick influx of cash for small businesses to help them cover expenses, especially payroll, through the pandemic.