When it comes to tax preparation, honesty and transparency are critical—not only for the peace of mind it brings but also to avoid costly legal troubles that could devastate a
In recent news, Intuit, the company behind TurboTax, faced backlash from the National Association of Tax Professionals (NATP) over a recent ad campaign. The ad, promoting TurboTax’s full-service option, appeared
In the wake of a natural disaster, one of the most challenging tasks for business owners and individuals is reconstructing financial and tax records. These records are crucial for documenting
For business owners, receiving an audit notice from the IRS can be stressful and confusing. Understanding the audit process and how to handle it can help ease some of the
IntroductionAs a business owner, navigating the complex tax landscape can be overwhelming. One aspect of the U.S. tax system that may catch you off guard is the Alternative Minimum Tax
As digital assets like cryptocurrencies and NFTs continue to gain mainstream traction, it’s critical for business owners to understand how the IRS views and taxes these assets. Digital assets, including
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
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 or manage assets overseas, the
As a sole proprietor, tax season can feel overwhelming. However, with the right preparation, you can ensure your business remains tax-compliant while maximizing deductions. Whether you’re new to sole proprietorship
As a business owner, there may come a time when you’re asked to serve as the personal representative (PR) of an estate, either for a loved one, a colleague, or