Tag Archives: Higher-income taxpayer

As the Government continues to spend money the more money they will need.
This latest “global high wealth operating unit” is just the beginning don’t be fooled.
They want your money too!

“Through our new global high wealth operating unit we are taking a unified look at the entire web of business and economic entities controlled by high wealth individuals so we can better assess the risk such arrangements pose to tax compliance,” Shulman said at the National Press Club on Monday.

The IRS has also made an inexplicable decision to increase audits of small companies while easing up on larger firms.
Are you operating a small business?

According to the IRS – Individuals Audit rates increased in 2007, both for overall individual rates and for higher-income taxpayers.
Are you and individual?

Bottom line folks the Audit rate is going up … if you own a Small Business or make significant incomes over $100,000 annually you may be audited.
This is just one of the many reasons to have a Pre-Paid Legal membership. With the Prepaid Legal Membership it will help you defray the costs of an IRS audit and give you the legal support you need.

Up to 50 hours of lawyer time…

You have up to 50 hours of your Provider Lawyer’s time available at no additional cost when you or a covered family member receives written notice of an IRS audit or are requested to appear at IRS offices regarding your tax return. Your 50 hours are available as follows:

Up to one hour for consultation, advice, and assistance when you receive written notice from the IRS of audit or appearance.

If there is no settlement within 30 days, you have up to 2.5 hours for audit representation, negotiations, phone conversations, and settlement conferences prior to litigation.

If there is no settlement without litigation, up to 46.5 of the remaining hours are available for actual trial appearance if the IRS sues you, or you pay the disputed tax and sue the IRS.

Pre-Paid Legal can help… don’t wait for it to happen… be pro-active… learn more about what we have to offer.

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