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Business
If you’re a U.S. business owner with financial interests abroad, navigating tax compliance can be a challenge. Whether you hold funds in a foreign bank
October 28, 2024
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Blog
Category: IRS Audit Help
Business Tax Benefits
As a business owner, navigating the complexities of debt is a critical part of managing your financial health. One area that often leads to confusion
October 28, 2024
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Tax Evasion
In the ever-evolving landscape of tax compliance, recent events involving high-profile figures highlight the complexities and challenges businesses face when it comes to their financial
October 28, 2024
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Business
Running a business as a partnership offers numerous advantages, but it also comes with its own set of responsibilities and tax considerations. Whether you’re new
October 14, 2024
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IRS Audit Help
As a business owner, receiving a notice from the IRS can feel overwhelming. However, it’s important to know that not all notices are cause for
October 3, 2024
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Tax Scams
In today’s world, tax scams are becoming increasingly sophisticated, posing a significant threat to individuals and businesses alike. As a business owner, you need to
September 19, 2024
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Small Business Tax Help
The recent conviction of David Katz, a compliance officer at a check-cashing company in Oregon, serves as a stark reminder of the consequences of fraudulent
September 9, 2024
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IRS
Taxpayer Advocate Service Fails to Provide Basic Services: A Deep Dive into TIGTA Findings A tax practitioner, frustrated by a six-week wait for a Taxpayer
August 22, 2024
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Business
The Tax Court denied equitable relief to a taxpayer seeking Innocent Spouse Relief after his ex-wife improperly claimed deductions on their joint tax return. Despite meeting several conditions, the court ruled that the taxpayer’s lack of involvement in reviewing the return and claiming a refund undermined his claim of innocence.
June 24, 2024
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IRS
The IRS is set to intensify its audit activities thanks to an $80 billion boost from the Inflation Reduction Act. This funding aims to revitalize the agency, which has faced years of underfunding, resulting in customer service issues and decreased audit rates. Wealthy individuals and large corporations will be the primary focus of these increased audits.
June 19, 2024
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