My AICPA CPA Insider article on how to “speak IRS.” Speaking IRS is essential to understanding a taxpayer’s situation and how to go about resolving a tax problem. Many at the IRS have a special “lingo” that you need to know to be able to fully understand what is going on and how to fix it. After spending 19 years with the IRS, here is a few common IRS speak terms that you may need to know when talking with the IRS.
Tax Identity Theft and Tax Scams: Tell your client to hang up on the ‘IRS’
Tax identity theft and tax scams are rampant. You get a call on the phone from someone who claims to be the IRS – and if you don’t pay up, you will go to jail. My AICPA CPA Insider article on why it is a must to ALWAYS hang up on anyone who claims to be the IRS. Almost all IRS contacts are initiated with a letter or notice- that is, you know it is coming. Don’t fall for the phone call scam- just hang up.
Are your independent contractors actually employees?
This article discusses an issue common to many small…and not so small businesses. As published in AICPA CPA Insider. Read Should Your Client’s Independent Contractors Really Be Employees? here.
1099-K matching, small business audits, and tax identity theft
My articles in CPA Practice Advisor on how CPAs can do better serving clients with tax problems, 1099-K matching issues in IRS audits/notices of small businesses, and IRS identify verification issues and advice to help clients.