The IRS has updated its long-standing regulations on selling seized property, marking a major shift from rules dating back to the 19th and mid-20th centuries. These changes modernize how seized
Tammy and Scott Bushnell thought they were running their business the smart way—underreporting income, inflating expenses, and even destroying records to keep more money in their pockets. For years, it
Disasters can strike at any time, leaving individuals and businesses scrambling to recover. When a federally declared disaster occurs, the IRS provides tax relief, giving affected taxpayers extra time to
Taxes aren’t just another business expense you can ignore—and one business owner is learning that lesson the hard way. Guy S. Cook, the former owner of Bacterin International, Inc., pleaded
As a business owner, safeguarding client information isn’t just good practice—it’s a legal requirement. The IRS has recently introduced a Written Information Security Plan (WISP) tailored to help tax professionals
As a business owner, safeguarding client information isn’t just good practice—it’s a legal requirement. The IRS has recently introduced a Written Information Security Plan (WISP) tailored to help tax professionals
Tax season is a pivotal time for business owners. It’s not just about filing returns; it’s about doing so with accuracy and efficiency while minimizing stress. Yet, many accounting processes
Running a business is challenging enough without the added risk of getting entangled in fraudulent tax schemes. Unfortunately, some professionals misuse their expertise, leading to devastating consequences for themselves and
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
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