The holiday season is a time of joy and giving, but it also presents an opportunity for scammers to take advantage of unsuspecting taxpayers. Among the many scams circulating during
The IRS Whistleblower Program is increasingly becoming a significant tool in the fight against tax evasion. This program, which rewards individuals for reporting tax non-compliance, has gained attention recently, especially
In a recent case that serves as a reminder to business owners about the severe consequences of tax evasion, a Guilford, Connecticut business owner was sentenced to prison for failing
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
Clergy members, including ministers, pastors, and other religious leaders, face unique tax challenges due to the dual status they often hold as both employees and self-employed individuals. This blog post
As tax season rolls around, many business owners look forward to receiving their tax refunds. However, a troubling trend is emerging: millions of tax refund checks are being stolen from
The Corporate Transparency Act (CTA), which takes effect on January 1, 2024, will have significant implications for business owners. Its main goal is to promote transparency and combat illegal activities
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 alarm. Each year, the IRS
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 stay vigilant and aware of
As a business owner, you may think that issuing a 1099 form is a task reserved for payments made to individual contractors or small businesses. However, recent regulations might surprise