Facing a tax audit can be intimidating, but knowing how to protect your rights and navigate the process can make all the difference. Here’s a comprehensive guide to tax audit defense strategies. Understanding the Importance…
How to Qualify for First Time Penalty Abatement
If you're facing tax penalties, there’s hope. The IRS offers first-time penalty abatement (FTA) to eligible taxpayers, providing a chance to have certain penalties waived. Background No one wants to pay excessive taxes and penalties,…
What Factors Does the IRS Consider for Hobby or Business in Alabama?
Understanding whether your activity is a hobby or a business can help you take advantage of tax breaks and avoid adverse action by the IRS. Here's what you need to know about the IRS criteria.…