After hearing the news late last year that Congress had slashed the IRS’ budget, it surely crossed the minds of many of our readers that a tightened budget will mean that the agency will have fewer resources to conduct audits.Audits are already quite rare, with 99...
Audits
Small business owners: are you taking advantage of these tax deductions?
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...
Are you facing an IRS audit?
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,...
The IRS, tax audits and you
Many Americans are worried about their tax return being audited by the Internal Revenue Service. While many of us are fearful of the audit process, what are the chances of you actually getting audited? Not likely, according to the IRS. Last year, less than one percent...
Work with us to ensure strong advocacy during IRS investigation
Trouble with taxes can cause a great deal of stress and disruption, especially for those who do not have a strong understand of tax law or the way the Internal Revenue Service conducts its investigations. This is especially true of those who become the subject of a...
Reduce your chances of an audit on next year’s tax return
Few of us want to think about taxes around the holidays, but the year is almost over. Therefore, taxes should at least be on the “back burner” in your mind. You may want to start gathering important documents that you’ll need in 2015 in order to file your tax return...
It can be dangerous to assume IRS motives when being audited
The Internal Revenue Service has never been a popular agency among Americans. After all, it’s difficult to like a highly bureaucratic agency that always seems to be after your money. But, for the most part, the IRS is viewed as a necessary annoyance. Over the past few...