Wendy Litten, EA
4400 Route 9 South
Freehold, NJ 07728
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: Tax Problem Resolution
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
Coping with the Government Shutdown – Tax Problems Edition
Solving tax problems for clients requires lots of interaction with the IRS. Generally, after meeting with a client, I file an authorization form so I can access their data online. Until last month, I filed those online, which presumably would … Continue reading
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Quicker and Better Levy Release News
Under the new IRS Fresh Start Initiative, we have better options for getting a levy released faster for more taxpayers. If your tax debt is less than $50,000, the updated Streamlined Installment Agreement will release the levy and will also … Continue reading
Posted in Installment Agreements, Levy Release Leave a comment
Offer in Compromise IRS Tax Debt Program Updated
If you owe tax debt that you are struggling with, take a look at the Offer in Compromise program. The IRS just released new guidelines that greatly reduce the amount that needs to be offered to settle your tax debt. … 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 Leave a comment
New Free Online Offer in Compromise Calculator
We’re pleased to announce the release of a free online Offer in Compromise Calculator. While the calculations for an Offer in Compromise can be complex, this online version is a great starting point for taxpayers when deciding on a solution … Continue reading
Posted in Offer in Compromise, Tax News Tagged Offer in Compromise, Tax Debt Leave a comment
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
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
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
Posted in IRS Audits Tagged IRS Audit Leave a comment
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
Posted in Business Taxes and Accounting, IRS Audits Tagged book Leave a comment