by Fulton Abraham Sanchez, CPA · Published July 4, 2019 · Last modified July 9, 2019
ODDS It seems that one of the thing Americans fear the most, is an IRS audit, and understandably so. Despite the universal fear, audit numbers are down to an all-time low. According AccountingToday, More...
by Fulton Abraham Sanchez, CPA · Published July 4, 2019 · Last modified July 5, 2019
According to the IRS, Americans cheated the government out of more than $ 400 billion last year; put differently, one out of every six dollars payable to the IRS is lost. The amount lost...
by Fulton Abraham Sanchez, CPA · Published June 3, 2019 · Last modified July 18, 2019
The IRS wants to make it as easy as possible for you to pay your taxes even if you are struggling to pay it in full on the due date. The agency, for example,...
by Fulton Abraham Sanchez, CPA · Published May 27, 2019 · Last modified June 3, 2019
Going After Big Money Individuals Pro Public called them SEAL Team 6 – the IRS special force assembled to audit the ultra-wealthy. Their story started in 2009 when the IRS assembled the elite of...
by Fulton Abraham Sanchez, CPA · Published March 1, 2019 · Last modified May 16, 2019
The stress associated with a tax debt to the IRS is heavy to deal with many times. But instead of pretending time will solve it, you can be proactive and solve the problem. Don’t...
by Fulton Abraham Sanchez, CPA · Published February 1, 2019 · Last modified May 16, 2019
Carrying a federal tax liability is perilous at best. You cannot have a worse creditor chasing you. The IRS is free from the constraints that hamper creditors like your credit card supplier; they do...
by Fulton Abraham Sanchez, CPA · Published December 20, 2018 · Last modified February 22, 2019
Offshore tax methods have been used for decades by many wealthy Americans to conceal income and assets to reduce their tax burden. However, around 2007, the financial collapse increased concerns regarding federal budget shortfalls....
by Fulton Abraham Sanchez, CPA · Published December 7, 2018 · Last modified March 7, 2019
Forget about asking the IRS to remove interest charges from your account. This will never happen. Standard and mandatory interest is a fact of your financial live, and it’s a waste of time to...
by Fulton Abraham Sanchez, CPA · Published December 6, 2018 · Last modified March 1, 2019
According to thetaxadviser.com, the IRS will provide relief from late-payment penalties. Sec. 965 Treatment of deferred foreign income upon transition to participation exemption system of taxation. Sec. 965 required some taxpayers to pay a transition tax...
by Fulton Abraham Sanchez, CPA · Published September 25, 2018 · Last modified January 24, 2019
Anyone who has ever been through an audit season for financial statements for not-for-profit organizations know that they will see some of the same common mistakes over and over again that could be easily...
