As taxpayer you have the right to notice and a hearing prior to the IRS enforcing collection of any tax due. Â After the IRS has issued a series a notices, the IRS must issue a Final Notice of Intent to Levy and allow you 30 days to request a hearing, which is generally referred to...Read More
When an asset is placed into service and depreciation is taken as a deduction, the adjusted basis of the asset will be impacted. Â The video below has been prepared by a tax attorney at The McGuire Law Firm to discuss this issue. Â Please remember to always consult your tax attorney, business attorney, CPA and/or other...Read More
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