San Francisco Tax Tips – April 2017 – Newsletter

Filed in CPA Blog by on March 22, 2017
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With the individual tax filing deadline in site (Tuesday, April 18) in site, our monthly eLetter starts off with ‘IRS Audit issues.’ (To download the April eLetter, click here.)

Facing an IRS Audit

San Franciso Tax TipsFacing an IRS audit is a scary thought! We get that, but we stand by our clients and work with them in defense during an IRS audit. In most cases, it’s nothing to worry about. It may be as simple as a discrepancy in an address, or in a small amount of income that you received. In other cases, especially with high income taxpayers, it may be more complicated. Read the article in the eLetter for some insights into how and why the IRS audits. And, of course, be aware of the terrible epidemic of “IRS audit scams” working around the Internet, and even via phone calls. Be skeptical of anything that sounds suspicious, as thieves impersonate the IRS all the time. In addition, the eLetter has an intriguing piece about ESOPs as retirement plans. Many San Francisco businesses use stock options to compensate employees, so this is wonderful food for thought if you are a San Francisco business.

About Safe Harbor LLP – a Professional CPA Firm in San Francisco

Safe Harbor LLP is a CPA firm that specializes in accounting and tax services for individuals and businesses throughout the San Francisco Bay Area and greater California. Safe Harbor CPAs helps both individuals and businesses with tax preparation, IRS audit defense, and audited financial statements. The firm prides itself on friendly yet professional service and utilizes state-of-the-art Internet technology to provide quality customer service. Its goal: to be the best CPA firm in San Francisco.

Safe Harbor CPA

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