Wendy Litten, EA
4400 Route 9 South
Freehold, NJ 07728
(609) 259-0759taxes@wendylitten.com
I’m Wendy Litten, EA. Everyday, I help my clients with filing personal and business tax returns and QuickBooks. However, with increased IRS activity, I’ve also been specializing in tax problem-solving, including IRS notices, back taxes, overdue returns, liens, offers in compromise and all types of IRS problems. Here, I will share my experiences and hope to help those in similar situations.
Category Archives: IRS Audits
Are Audit Rates Really Lower?
Funding for enforcement by the IRS is 5% less than last year and audit rates have definitely declined. Total examinations, both field and correspondence have dropped more than 20% since 2010. Taxpayers in the higher brackets still encounter more audits … Continue reading
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How an IRS Audit Starts
An IRS Audit is a review of an individual’s or business’ accounts and financial information to ensure they are complying with tax laws and paying the correct amount of taxes. The IRS is focused on collection issues and selects tax … Continue reading
Posted in IRS Audits
Tagged Form 886, IRS Audit, Letter 2205, Letter 3572, Letter 566
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Don’t go to your Income Tax Audit!
Really. I don’t recommend it. When it is your tax return and your money at stake, emotions can run high, and it’s easy to make a mistake. The IRS agent will ask you questions that you may not want to … Continue reading
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Has the IRS Contacted Your Business Associates?
Has the IRS has contacted your business associates or other third parties? Normally, if you are subject to an audit, the IRS must contact you to let you know that they will be doing checking with others about you. They … Continue reading
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Why Am I Being Audited?
Wondering how you got chosen to be audited by the IRS? There are several avenues that may lead to the dreaded IRS examination. If you omit income that was reported to the IRS, their computers will pop-up and send you … Continue reading
Tax Savvy for Small Business Book Review
Tax Savvy for Small Business is a clear and handy guide to many aspects of small business taxation. If you own a business, I recommend you leaf through it and then sit down and read the sections relevant to your … Continue reading
Audit Risk Highest on $10Million+ Income
Recently released data from the IRS shows that 19% of income tax returns showing an Adjusted Gross Income (AGI) of $10,000,000 or more were examined in 2010 even though they were just .01% of all returns submitted that year. That’s … Continue reading
