IRS Audit
Tax season is here, and for many business owners, that means crunching numbers, gathering receipts, and ensuring everything adds up correctly. But in the back of some minds, there’s a
February 7, 2025
Skip to content Tax season is here, and for many business owners, that means crunching numbers, gathering receipts, and ensuring everything adds up correctly. But in the back of some minds, there’s a
Over $1 billion in unpaid taxes. That’s how much the IRS could collect from unreported gambling winnings. If you’ve ever hit it big—at a casino, sportsbook, or even an online
Tammy and Scott Bushnell thought they were running their business the smart way—underreporting income, inflating expenses, and even destroying records to keep more money in their pockets. For years, it
Taxes aren’t just another business expense you can ignore—and one business owner is learning that lesson the hard way. Guy S. Cook, the former owner of Bacterin International, Inc., pleaded
Since the Supreme Court’s landmark 2018 Wayfair decision, businesses of all sizes have faced a more complex sales tax landscape. The ruling allowed states to impose sales tax collection requirements
As a business owner, wearing multiple hats is part of the job. But if you work in your business and own it, you can’t skip an important hat: being an
In a recent case that underscores the serious implications of payroll tax fraud, Linda Davis, the owner of Majestic Seals & Stripes, Inc., was sentenced to four years in federal
As a business owner, managing taxes can be complex, but it’s crucial to stay compliant. Recent cases, like the guilty plea of a telecommunications company and its CEO for defrauding
State and local tax (SALT) regulations are evolving rapidly, and 2025 promises to bring even more changes that will challenge businesses and their advisors. For business owners, staying ahead of
The IRS’s recent recovery of $1.3 billion from wealthy tax dodgers highlights a renewed focus on tax enforcement, thanks to funding provisions in the Inflation Reduction Act (IRA). While this
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