As we approach 2025, state and local tax (SALT) regulations are becoming increasingly complex. For business owners, staying ahead of these changes is critical to ensuring compliance and avoiding costly
Business owners often face complicated tax regulations, making it essential to stay on top of tax compliance. Recent legal cases, such as the sentencing of an Albuquerque man for tax
In a landmark case, TD Bank N.A. (TDBNA), one of the largest banks in the United States, pleaded guilty to violating the Bank Secrecy Act (BSA) and participating in money
The gambling industry continues to grow, generating a staggering $60.5 billion in gross revenue in 2022. However, with great profits come great tax responsibilities. The Treasury Inspector General for Tax
For business owners, receiving an audit notice from the IRS can be stressful and confusing. Understanding the audit process and how to handle it can help ease some of the
IntroductionAs a business owner, navigating the complex tax landscape can be overwhelming. One aspect of the U.S. tax system that may catch you off guard is the Alternative Minimum Tax
Audits are among the most intimidating experiences a business owner can face. When the IRS calls, it’s natural to feel uneasy. However, with the right understanding and preparation, you can
As digital assets like cryptocurrencies and NFTs continue to gain mainstream traction, it’s critical for business owners to understand how the IRS views and taxes these assets. Digital assets, including
For business owners, finding a trustworthy tax preparer is essential. However, as seen in the recent case of Salvador Gonzalez, a Riverside County man sentenced to six years in prison
The recent indictment of Ryan Ulibarri, a dentist in Colorado, serves as a stark reminder to business owners: don’t be tempted by complex tax schemes that promise too-good-to-be-true savings. Ulibarri