IRS Audit
Facing an IRS audit can be intimidating for any business owner, but understanding the process and preparing adequately can help alleviate some of the stress. Here’s what you need to
August 28, 2024
Skip to content Facing an IRS audit can be intimidating for any business owner, but understanding the process and preparing adequately can help alleviate some of the stress. Here’s what you need to
Schedule C filers, the backbone of many small businesses and sole proprietors, face a daunting reality: they are statistically 3-10 times more likely to be audited by the IRS compared
In a notable case of tax evasion, Ronnie Lyn Drummond, an IT consultant from Brookland, Arkansas, has pleaded guilty to failing to fulfill his tax obligations. Drummond’s case underscores the
As a business owner, you may have heard about or even claimed the Employee Retention Credit (ERC), a pandemic-era tax relief measure designed to help businesses keep workers employed during
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
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