Tax Consultant Blog

Knowledge is power. Stay on top of the latest tax laws, strategies, and tips from the tax professionals at Robert Hall & Associates. Wondering what the difference between Enrolled Agents and CPAs are? How about any tax deductions you might be missing? Find the answers to these questions and more here!

Understanding California State Income Tax Rates and Brackets for 2023-2024

Navigating the tax system can be a daunting task, especially when it comes to understanding state income taxes. For residents of California, it’s crucial to comprehend the state’s income tax rates and brackets to ensure compliance and effectively manage personal finances. In this article, we’ll explore the California state income tax system for the tax…
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Top IRS Audit Triggers

As tax season approaches, the looming fear of making mistakes on your tax return can cause significant stress. While errors are not uncommon, certain red flags can catch the attention of the Internal Revenue Service (IRS), potentially leading to audits or correspondence from the IRS. Understanding these triggers and knowing how to avoid them can…
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Common IRS Audit Triggers: What You Need to Know

Tax season can be a stressful time for many individuals and businesses alike. While most tax returns are processed without issue, there are certain factors that can raise red flags for the Internal Revenue Service (IRS), potentially leading to audits or further examination. Understanding these triggers can help taxpayers navigate the complexities of the tax…
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Types of IRS Soft Notices: Understanding Communication

Communication between taxpayers and the Internal Revenue Service (IRS) is essential for maintaining compliance with tax laws and resolving any issues that may arise. One form of communication utilized by the IRS is known as “soft notices.” Soft notices are informational letters sent to taxpayers to alert them of potential issues with their tax returns,…
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How to Avoid CP2000 Notices and Potential Penalties

Introduction Receiving a CP2000 Notice from the Internal Revenue Service (IRS) can be a stressful and worrisome experience for any taxpayer. It indicates discrepancies between the information reported on your tax return and data received from third-party sources. These discrepancies can lead to potential penalties, additional taxes, and the need for further correspondence with the…
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Requesting CP2000 Reconsideration from the IRS: A Guide

Receiving a CP2000 Notice from the Internal Revenue Service (IRS) can be a cause for concern for any taxpayer. This notice typically indicates discrepancies between the information reported on your tax return and data received from third-party sources. While the CP2000 Notice proposes adjustments to your tax return, taxpayers have the right to request reconsideration…
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8 Things to Know About IRS CP2000 Notice

Receiving a CP2000 Notice from the Internal Revenue Service (IRS) can be an unsettling experience for any taxpayer. This notice typically indicates discrepancies between the information reported on your tax return and data received from third-party sources. Understanding the purpose of the CP2000 Notice and knowing how to respond effectively is essential to navigate the…
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10 Things to Know Before Responding to an IRS CP2000 Notice

Receiving a CP2000 Notice from the Internal Revenue Service (IRS) can be a cause for concern for any taxpayer. This notice typically indicates discrepancies between the income reported on your tax return and the information provided by third-party sources, such as employers or financial institutions. Responding to a CP2000 Notice requires careful consideration and understanding…
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CP2000 Notice of Underreported Income: What to Do

Receiving a CP2000 Notice from the Internal Revenue Service (IRS) can be alarming and stressful for any taxpayer. This notice alerts you that the IRS has identified discrepancies between the income reported on your tax return and the information reported by third-party sources, such as employers, banks, or financial institutions. Specifically, the CP2000 Notice of…
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