Owning and running a small business is not for the faint of heart. Small business owners are passionate about what they do and often work long and grueling hours. Additionally, many suffer through years of financial losses or marginal profits before business takes...
Taxpayers who learn they have been selected for an audit by the Internal Revenue Service are likely to feel intimidated and anxious. In many cases, however, the audit process can be relatively simple and painless.While the IRS claims that its audit process is random,...
In previous decades, U.S. residents were able to freely open foreign bank accounts the contents of which largely remained private. However, since the passage of the Report of Foreign Bank and Financial and Foreign Account Tax Compliance Act, U.S. residents with...