Frequently Asked Questions
General Frequently Asked Questions
Does TAXNETA help in other states besides CA?
For BETA testing we are concentrating only on California at this moment. We plan to extend our services once BETA Testing is complete.
How Does taxneta work?
At Taxneta, your journey to tax resolution starts with a detailed questionnaire, followed by a swift response from our team within 24 hours to assess your situation and possibly request further documents via our secure portal. After reviewing your case, you can choose a suitable Tax Resolution Roadmap from our product page, tailored for either personal or business needs. Our advanced tracking tool keeps you updated on your roadmap's progress. Upon completion, we'll email you a personalized financial freedom roadmap, providing a clear solution, steps for implementation, local professional recommendations, and protection against scare tactics. This essential guide, suitable for consultation with attorneys, accountants, or enrolled agents, aims to streamline your tax resolution process, saving time and money while ensuring a stress-free experience.
Are there additional fees or hidden cost?
Here at TAXNETA, we prioritize transparency and honesty in our pricing. We assure you that there are no hidden fees or additional costs associated with our services. Our primary goal is to provide you with a clear and effective roadmap to handle your unique tax situation.
Please understand that while our roadmap is comprehensive and tailored to your needs, it does not directly clear your tax debt or immediately resolve issues with the IRS. Instead, it is designed to guide you through the often complex process, showing you the most effective steps to take, whether that involves working with a tax preparer, a tax attorney, or another course of action.
By following our tailored roadmap, you can avoid the pitfalls of navigating through various resolution companies that may use scare tactics and create confusion. Our approach is straightforward and aimed at potentially saving you thousands of dollars by guiding you to the right solutions for your specific case.
Can TAXNETA help me with the audit letter I have received?
Absolutely, Taxneta is equipped to assist you with any audit letters you've received. We encourage you to upload these notices or letters to our secure portal for a comprehensive review. Once we have assessed the contents of the notice, our team of experts will provide you with tailored guidance and support to navigate through the audit process effectively. Rely on TAXNETA to stand by your side during these critical times, ensuring you have the right expertise to respond confidently.
Can TAXNETA help with unfiled tax years?
Taxneta is adept at navigating the complexities of tax compliance with both Federal and State agencies. Our specialized system not only identifies which years you have unfiled taxes for but also determines the specific income details required for each of those years. We're here to guide you through the process of bringing all unfiled tax years up to date, ensuring thorough and accurate compliance.
Can TAXNETA help me find my W2 or 1099's in order to file my back taxes?
If you're facing the challenge of filing back taxes without access to your W2 or 1099 forms, Taxneta is here to help. Our system is specifically designed to track down all necessary income documentation, providing you with the essential tools and guidance to file all unfiled returns. With Taxneta, you'll receive comprehensive support to ensure compliance with both Federal and State tax agencies, streamlining the process of obtaining your missing documents and completing your tax filings
I have received a notice and I don't understand why I owe this amount, Can TAXNETA help me with this?
If you've received a tax notice that's unclear or confusing, especially regarding the amount you owe, Taxneta is here to provide clarity and assistance. Our system is designed to meticulously guide you through each step necessary to understand and appropriately respond to the notice. We aim to demystify the complexities of your tax situation, ensuring you have a clear path towards a resolution. With Taxneta's support, you can confidently address and resolve any issues outlined in your tax notice.
Does Taxneta clear my debt?
No, Taxneta doesn't directly clear your tax debt. Instead, our core mission is to empower you with a comprehensive tax resolution roadmap. This roadmap lays out various options and strategies you can take on your own to address and manage your tax issues. Our aim is to demystify the tax resolution process, providing you with clear, actionable steps and enabling you to take control of your tax journey confidently. While we offer guidance and expert insights, the ultimate goal is for you to become self-reliant in navigating your tax obligations, without the fear or dependence on external companies. Should you need specialized assistance, we're also here to connect you with trusted professionals in our network. Taxneta is committed to helping you make informed decisions and take decisive actions to effectively manage and work towards resolving your tax debt
Top IRS Audit Triggers
High-income earners who owe back taxes
High-income earners may be audited by the IRS due to their complex financial activities and significant potential impact on the tax gap, as these factors make them more susceptible to errors and non-compliance.
Partnerships and other pass-through entities
Partnerships and other pass-through entities are often audited by the IRS due to their complex structures and transactions, which present opportunities for tax evasion or avoidance, especially in high-value financial dealings.
Digital asset transactions
Digital asset transactions are often audited by the IRS because these transactions can be complex and opaque, making them susceptible to being used for tax evasion or non-compliance, particularly given the emerging and rapidly evolving nature of digital asset markets.
Form 1099 and Other Document Matching Programs:
The IRS uses these programs to compare income reported by third parties on forms like 1099s with the income you report. Discrepancies can trigger an audit to ensure all income is accurately reported.
Profit or Loss from Business (Schedule C)
Filing a Schedule C for business income and losses can trigger an audit if the IRS suspects non-compliance or if the business consistently reports losses, suggesting it might not be a legitimate for-profit activity.
Gig Work and Side Hustles
Income from gig work or side hustles must be reported. The IRS may audit if it appears that income from these activities is underreported, especially if no corresponding 1099 form is filed by the payer.
Claiming a Hobby as a Business
The IRS may audit taxpayers who claim hobby expenses as business deductions. To qualify as a business, the activity should be conducted regularly and with the intent to make a profit.
Financial Accounts and Assets Outside the U.S.
Holding assets or accounts outside the U.S. can trigger an audit due to additional reporting requirements. Failure to report these assets on forms like the FBAR or Form 8938 can lead to scrutiny.
Cash-based Businesses
Cash-based businesses are more prone to IRS audits due to the potential for underreporting income. The IRS pays closer attention to ensure that all cash transactions are properly recorded and reported.
BUSINESS TO BUSINESS
Is Taxneta trying to take my clients from me?
ABSOLUTLEY NOT! Taxneta is excited to announce the upcoming launch of our B2B services. Our primary mission is to complement, not compete with, the invaluable work of Enrolled Agents (EAs) and tax preparers. We understand that tax preparation is a specialized field, and our services are designed to be a supportive bridge rather than a replacement. At Taxneta, we focus on crafting tailored financial roadmaps for our clients. Once this roadmap is complete, we connect our clients with trusted, certified tax professionals and attorneys who are best suited to their unique financial situations. Our approach is to empower our clients with a clear, personalized financial blueprint. This enables them to make informed decisions about their taxes and finances, free from the anxiety often associated with scare-tactic resolutions. We look forward to this new chapter in providing comprehensive, client-centered financial guidance.