Entries by S.H. Block Tax Services

What to Expect in an IRS Correspondence Audit 

If you’ve received a letter from the Internal Revenue Service asking for more information to support your tax return, then you have a correspondence audit on your hands. If this sounds like your situation, don’t panic — a correspondence audit can be straightforward and simple as long as you stay organized and understand the process. […]

Is Debt Forgiveness Taxable?

Most people struggle at one time or another to their pay bills. Often, the payments fall further and further behind, and climbing out from the debt cycle feels hopeless. If you’re in this situation, you may have asked the bank, credit card company, or another creditor to write off or forgive your debt — usually […]

A Quick Guide to the IRS’ Fresh Start Program

If you’ve heard about the IRS’ Fresh Start program for tax debt relief, you may be wondering whether you qualify and what options are available to you. Fresh Start is a helpful initiative that makes it easier for some taxpayers to pay their back taxes and avoid bad consequences like liens, levies, and wage garnishments. […]

Have Tax Issues? Know Your Taxpayer Rights

When you’re dealing with an IRS audit or threatening letters and collections based on outstanding tax liability, it’s easy to feel powerless. What can you do when a federal agency has it out for you? One of the great things about living in the United States is that our government recognizes that people have certain […]

Is It Worth It to Create a Single-Member LLC?

Working for yourself is both rewarding and challenging. You’re in complete control of your business, but it can also be tough to get others to recognize you as a real business. For some people, a limited liability company (LLC) provides a solution. An LLC can offer a bridge between operating as a sole proprietorship and […]