There is only on germ or virus is more contagious than any other to the construction industry—that is virus of bad IRS advice pass amount your own peers. If you want accurate information that you can rely on get it from a professional in another field that specializes in that subject.
Most construction professionals get into trouble with the IRS due to bad advice, especially in the areas of independent contractor/employee issues, the structuring of their business, and what they can take as business and personal deductions, and the lack of making no estimated tax payments towards current year tax liabilities or claiming exempt on their W-2 withholdings.
We can help construction industry professionals in the following specialties:
Electricians, Concrete Workers, Plumbers, Roofer, Dry Wall and Plaster Workers, Architects, Inspectors, Project Managers, Landscapers, Painters, Glazers, Framers, Tile and Flooring Workers.
Why is the IRS making the construction industry a target for IRS audits? First, is the lack of filing tax returns. The construction industry has the lowest compliance rate among all the professions. Second, lack of making tax payments in the form of estimated taxes or having withholdings on W-2’s wages. Employers in the construction industry typically want to pay their workers as if there were independent contractors. Hence, no withholdings are being paid by the employers and the workers fail to pay estimated taxes.
If you receive a notice of being audited by the IRS—take it very seriously, get professional help. If one year has significant changes that produce additional revenue to the IRS, it is highly probably that the audit will be expanded to other years. The IRS knows that bad practices regarding IRS matters are very contagious in the construction community. Call me today for a free initial confidential consultation.
Scott Allen E. A. – Tax Debt Advisors, Inc
IRS tax help for the Arizona Construction Industry from Tax Debt Advisors, Inc
Mesa, Apache Junction, Avondale, Buckeye, Carefree, Cave Creek, Chandler, El Mirage, Fountain Hills, Gila Bend, Gilbert, Glendale, Goodyear, Komatke, Litchfield Park, Luke AFB, Paradise Valley, Peoria, Phoenix, Queen Creek, Scottsdale, Sun City, Sun Lakes, Surprise, Tempe, Tolleson, Waddell, Whitman, Wickenburg, Youngstown, Flagstaff, Tucson, Payson, Winslow, Sierra Vista, Page, Prescott, Globe, Yuma, Lake Havasu City, Kingman