IRS Notices
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.
February 14, 2025
No Comments
Blog
Tag: tax compliance
IRS Audit
Tax season is here, and for many business owners, that means crunching numbers, gathering receipts, and ensuring everything adds up correctly. But in the back
February 7, 2025
No Comments
IRS
John Drivas, the owner of three North Shore restaurants, was sentenced to over a year in prison after admitting to a tax fraud scheme that
January 22, 2025
No Comments
Fraud
Tax compliance and responsible management of funds are essential for every business owner, but especially for those who receive government grants. The recent case of
January 20, 2025
No Comments
Tax Fraud
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
December 27, 2024
No Comments
IRS tax planning
The recent endorsement of an IRS-affiliated union by Vice President Kamala Harris has caused quite a stir, with critics expressing concerns about potential tax increases
December 12, 2024
No Comments
IRS Notices
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,
December 12, 2024
No Comments
Back Taxes
The gambling industry continues to grow, generating a staggering $60.5 billion in gross revenue in 2022. However, with great profits come great tax responsibilities. The
December 10, 2024
No Comments
Payroll Taxes
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
December 5, 2024
No Comments
Cryptocurrency Taxes
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
November 28, 2024
No Comments
