January 28, 2026Audits
How Do I Dispute an IRS Audit?
Learn how to dispute an IRS audit, including reviewing findings, submitting documentation, filing an appeal, and protecting your rights during the audit process.
Author Articles
Alexander Chertok, ACCA, DipIFR - Page 4
Audit, tax, and advisory resources from our team.
January 28, 2026Audits
What Does an IRS Audit Letter Contain?
Learn what an IRS audit letter says, including the tax year under review, reasons for the audit, required documents, deadlines, and your rights as a taxpayer.
January 28, 2026Audits
How Much Will the IRS Usually Settle For?
Detailed in this article are IRS tax settlement amounts, settlement amount guidelines, offer in compromise, and tax debt settlement options.
January 27, 2026Audits
How Much Does IRS Audit Representation Cost?
Learn how much IRS audit representation costs, including typical price ranges, factors that affect fees, and whether hiring a tax professional or attorney is worth it.
December 20, 2025Audits
Who Appoints an Independent Auditor?
It should be recognized that independent auditors are external professionals engaged to simply evaluate an organization's financial records. Their objectivity is significant only in case their appointment follows a fair and conflict-free procedure. So, who decides to bring them in? The audit appointment process does not rest on a single formula. It varies in accordance with whether the organization is public, nonprofit, or private.
December 12, 2025Audits
How Far Back Can the IRS Audit You?
When tax season ends, many taxpayers breathe a sigh of relief—until they start wondering whether the IRS might come back years later with an audit. The truth is that the IRS has specific rules governing how far back it may examine tax returns, but the timeline varies depending on the circumstances. Understanding these audit lookback periods can help you stay compliant, minimize stress, and know when old tax years are officially “safe.”
December 12, 2025Audits
Can the IRS Audit Me After 7 Years?
Many taxpayers assume that once several years have passed, the IRS can no longer review their old returns. While there is some truth to this, the answer isn’t always straightforward. In most situations, the IRS cannot audit you after seven years—but there are important exceptions that can extend the audit window. Understanding these rules helps you know when a past tax year is officially “safe” and when it may still be subject to scrutiny.
December 12, 2025Tax & IRS
Can the IRS Collect After 10 Years?
Many taxpayers dealing with old IRS debt wonder whether the government can continue collecting indefinitely. Fortunately, the IRS does not have unlimited time. Under federal law, the IRS generally has 10 years to collect unpaid taxes. This deadline is known as the Collection Statute Expiration Date (CSED). However, the rules surrounding the 10-year limit can be complicated, and several actions can extend—or “pause”—the clock.
December 10, 2025Business & Financial Insights
How to Make Annual Financial Statement Template?
You can make an annual financial statement template by creating a structured layout for year-end financial reports—typically the balance sheet, income statement, and cash flow statement—and adding formulas that automate totals and comparisons. Most businesses build these templates in Excel or Google Sheets so they can reuse them every year and maintain consistency.
December 10, 2025Business & Financial Insights
What Is a Personal Financial Statement Template?
A personal financial statement template is a pre-formatted document—usually in Excel, Google Sheets, or PDF—that summarizes an individual’s financial position. It lists your assets, liabilities, income, and net worth in a clear, standardized layout. Lenders, financial advisors, and CPAs commonly use these templates to evaluate someone’s ability to repay loans, plan investments, or prepare financial disclosures.
December 10, 2025Business & Financial Insights
Does Excel Have a Personal Financial Statement Template?
Yes, Excel does have personal financial statement templates, but they are not available by default on every version of Excel. Microsoft offers several downloadable templates through its online template library, and many users also create or customize their own. These templates help individuals track assets, debts, income, and net worth in a clear, organized format.
December 10, 2025Tax & IRS
Self-Employed Tax Calculator (2025): Estimate Federal & State Tax
The perks of autonomy include: adaptability in your schedule and the work you do. But it also comes with a major trade-off: your tax obligations. Self-employed individuals like freelancers and independent contractors do not have the luxury of automatic tax withholding from their earnings. The burden of calculating taxes all by themselves is where a self employed tax calculator comes in handy.