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
When it comes to running a business, especially one in a gray area like gambling, the stakes are high, and the risks are even higher. The recent case involving Matthew
Adopting a child is not only a deeply fulfilling journey but also a significant financial commitment. Recognizing the expenses involved, the IRS provides various tax benefits to help offset adoption
In a recent audit, Maryland found itself owing the IRS a hefty $5.4 million, a significant sum resulting from complex payroll and withholding issues that the state had previously overlooked.
One of the biggest tax-related questions for business owners is whether the IRS will classify an activity as a business or a hobby. The answer has major tax implications: If
As a business owner, understanding the IRS audit triggers is essential for staying on the right side of tax compliance and avoiding potential issues. Many taxpayers, including business owners, inadvertently
When it comes to fraud and tax evasion, it’s not just a matter of breaking the law—it’s a betrayal of trust that impacts everyone involved, from employees to beneficiaries. A
When running a business, it’s essential to stay on top of tax obligations. The recent guilty plea of the leader of Yoga to the People for tax evasion is a
Running a business is never easy, especially when it comes to managing finances and tax obligations. One recent case sheds light on what can happen when business owners try to
The case of Jason Svonavec, a prominent businessman involved in coal mining, crane services, and agriculture, serves as a stark reminder of the consequences of misrepresenting expenses for tax purposes.