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23rd September 2009
The mere mention of an IRS audit strikes fear in most people. While audits can be painful, there is one step up from an audit that is down right horrific. Yes, in investigation for a tax crime by the Criminal Investigations unit.
The Criminal Investig... Read >
Author: Thomas Ajava22nd September 2009
So, you got a letter from the IRS. It is just sitting there on top of the other mail. Unopened. You eye is twitching. What do you do now? The answer is as simple as it is obvious – open it! The end might not be near.
The IRS made a major effort to a... Read >
Author: Thomas Ajava15th September 2009
Next to a really bad health diagnosis, the thing most people fear is an IRS audit. The idea of sitting face to face with an agent who is going through your records with a fine tooth comb is enough to make even the manliest man shiver. The key to defeating... Read >
Author: Thomas Ajava10th September 2009
When the Internal Revenue Service begins to take steps against a business or person, the end results can be devastating! The IRS has the ability to assess liabilities, file liens, levy your property and conduct numerous other actions that can hurt you fin... Read >
Author: martellelaw23rd August 2009
This probably won’t come as any great shock, but it’s never a good idea to go into an IRS office by yourself if you discover that you are being audited or that the IRS is looking upon you with suspicion. In such a case, you’re always better off tak... Read >
Author: nexplore29th June 2009
An IRS audit is not something to celebrate. Most people cringe at the very thought of the IRS coming to sort through their tax forms. Most audits end up on the negative side for the tax payer with a tax debt or back taxes being owed to the IRS. The bes... Read >
Author: Ross Garnaut13th May 2009
Many people view April 15th as the end of tax season and enjoy the idea that they don't have to deal with their taxes for another year. I look at April 15th a little differently. I see April 15th as the time to start planning your taxes for the next yea... Read >
Author: Tom Wheelwright27th March 2009
The recent economic stimulus bailouts, declining economy and growing deficit will only increase the IRS' desire to impose an IRS income tax audit. Rest assured that the IRS is going to do everything it can to collect as many tax dollars that they are owed... Read >
Author: James Trippon27th March 2009
The 2009 economic stimulus bailouts, our country?s economic challenges and the growing Federal deficit will only increase the IRS? desire to impose an IRS income tax audit on you. One things for sure? Our government needs money and the IRS is going to get... Read >
Author: James Trippon27th March 2009
A majority of income tax problems start with marriage, divorce or death. Most single people are filing a simple W-2 return. Their return is straight forward either they owe or they are getting a tax refund. However, once married, going through a divorce, ... Read >
Author: James Trippon27th March 2009
Before you hire a tax attorney, it’s important to understand why you need a lawyer. Whether you’re facing an IRS tax debt issue, business tax and employment tax issues, or require estate planning help, a tax specialist is the most qualified to assist ... Read >
Author: Justin Narin27th March 2009
Get an early start on your taxes with careful planning this year. April 15th is the deadline to file your Income Tax and this doesn't have to be a problem if you maintain records during the year with the concept that you will conserve money when you do it... Read >
Author: Ron Finkelstein05th March 2009
Choosing the right tax CPA Houston preparer is one the most important financial decisions we make in our life. Although many people don't often think about it, your income taxes are your largest lifetime expense, more than your home mortgage, your retirem... Read >
Author: James Trippon05th March 2009
Choosing the right tax CPA Houston preparer is one the most important financial decisions we make in our life. Although many people don't often think about it, your income taxes are your largest lifetime expense, more than your home mortgage, your retirem... Read >
Author: James Trippon28th February 2009
Mileage log created automatically with mileage logger. The tool for tax deductions based on IRS mileage rate perfect for the tax write off list. The Mileage Logger not only offers automatic mileage logging. Optional features include the ability to locate ... Read >
Author: nancy12325th February 2009
Are you afraid to take advantage of the home office deduction? Perhaps you are the victim of one or more of these common tax myths. Unfortunately, many self-employed folks shy away from taking the home office deductions for at least one of the following f... Read >
Author: Wayne M. Davies30th January 2009
Fears of an IRS audit have given rise to many odd myths over the years, some of which are just too crazy to believe. However, there are still some myths out there that remain common beliefs to thousands of taxpayers.
Having a home office is an audit re... Read >
Author: Roni Deutch22nd January 2009
To help understand why people get chosen for audits, and better yet, how you can avoid them yourself, please enjoy this list of ways to prevent an IRS audit.
Keep Neat
One of the easiest ways to get audited is by simply not providing all the correct d... Read >
Author: Roni Deutch21st January 2009
A taxpayer is unlikely to get audited by any one of the below ways alone, but a combination of two or more of below is definitely inviting the IRS to audit you!
1. Unreported income:
Remember any company whom you work for has to by law provide you wit... Read >
Author: Gen Wright09th January 2009
Believe it or not, there are ways to convert taxable income into non-taxable income, without any fear of an IRS audit. Here's one of my favorites. It's been part of our tax code for over 30 years, yet many still don't take advantage of it.
What am I ta... Read >
Author: Wayne M. Davies05th September 2008
The taxpayer's biggest fear is an IRS audit. You'll start to question if you did your taxes correctly, even if you paid them truthfully. The idea of penalties, levies, and even prison come to mind. Before you panic, though, understand that there are laws ... Read >
Author: dmishesq25th July 2008
Going to the dentist. An IRS audit. Buying life insurance. For many of homeowners, cleaning gutters certainly falls within this group of misery. We all know cleaning our gutters is necessary, but few of us really know why those gutters must be clean.
... Read >
Author: Aazdak Alisimo24th July 2008
Cost Segregation and Self-Storage Properties...Reduce Federal Income Taxes. Increase Operating Capital. A typical self-storage unit averages 25% - 35% of its improved value as short-life property, which generates higher annual depreciation and reduces fed... Read >
Author: Patrick O'Connor29th April 2008
What is a digital mileage log? It's a great new gadget which is going to make logging your mileage easier than ever. It's also a nearly fail safe way to prevent being audited by the IRS for mileage write offs. With gas prices soaring to new levels in rece... Read >
07th April 2008
Copyright © 2008 Ed Bagley
My best advice to clients about to interview for a job is to treat the interview like an IRS audit.
When the Internal Revenue Service thinks you are cheating on your annual tax return, and they ask you a question during a... Read >
Author: Ed Bagley07th March 2008
IRS Secrets You Must Know
Lance Wallach
www.vebaplan.com
There have been some significant changes in the way the IRS targets businesses for audits, and how it conducts them. When you read statistics about the percentage of returns audited, you might... Read >
Author: Lance Wallach21st February 2008
If you want to avoid a nasty audit by the Internal Revenue Service, be sure to avoid making a mistake that could signal a red flag to the government’s commuter systems.
With the internal Revenue Service (IRS) making headlines lately about increasing ... Read >
Author: Roni Deutch18th January 2008
There are many myths surrounding cost segregation and its benefits. The truths behind those myths are discussed below, as well as some answers to very important questions.
Myths:
The IRS prefers one method to another
There are no real standards ... Read >
Author: Patrick O'Connor01st November 2007
Copyright (c) 2007 Juli WalshThe mere thought of an audit or a lawsuit strikes abject terror in the hearts of most small business owners. No one wants to find their business the target of an IRS audit – in fact, most of us shudder at the mere mention o... Read >
Author: justaminutellc01st November 2007
Starting in October, 2007, the Internal Revenue Service will soon be conducting a Random Audit Program. This type of Random Audit was done in the past, sometimes with unpleasant results.According to the Wall Street Journal ("The Next Audit Scare," by Tom... Read >
16th June 2007
Receiving a Notice of Audit from the IRS is just the beginning of a stressful, worrisome, and possibly even fearful, situation. While you may feel like panicking, that's the last thing you should do! So, take a deep breath and read on. You can survive... Read >
Author: Melinda Powelson02nd March 2007
Your chances of being sued have increased!
The latest statistics reveal that you have a 1 in 4 chance of having a potentially ruinous lawsuit filed against you sometime in the future. The richer you are, the bigger the target, whether it’s some oppor... Read >
Author: Glyn Norman26th January 2007
Like Pavlov’s dogs, we all habitually collect the mail each day. Ah, but what if you get a notice letter from the IRS contesting the math on your tax return?
Ask most people what they fear and an IRS audit is usually somewhere on the list. The storie... Read >
Author: Richard Chapo01st January 2007
Failure to follow corporate formalities may expose corporate officers, directors and shareholders to personal liability. Maintaining good records, including corporate minutes, on a timely basis goes a long way toward maintaining the limited liability bene... Read >
Author: Robert Palmer21st December 2006
An IRS audit is one of those rain day events you hope never comes. For many taxpayers that get audited, a common question is why doesn’t the IRS go after bigger corporation that have all the money?
IRS Auditing Big Corporations Less?
It is a commo... Read >
Author: Richard Chapo08th September 2006
For most Americans, the mere suggestion of an IRS audit is enough to require the changing of the pants. So, what percent chance do you have of an IRS audit?
IRS Audits and the Percentages
Relax; the percentages of IRS picking you for audit are very ... Read >
Author: Richard Chapo
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