We totally get it. People with thousands and millions of dollars sometimes like to hide their money abroad.Of course, the government disapproves of tax evasion. After the financial...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/27/2021
The IRS and state tax departments can perform tax audits. The following information is based on IRS tax audits, but keep in mind that most state audit processes and procedures are...
Posted by The TaxAdvocate Group, LLC on 12/18/2021
Lying on your tax return to reduce your tax obligation to get a bigger tax refund can have ill effects. Here are sample consequences to expect:Uncle Sam identify Discrepancies on Your...
Posted by James Financial Services Inc on 11/30/2021
Starting a new business comes with many upfront tax issues. Let's take a look at some of the tax considerations you need as an entrepreneur when starting a business, including...
Posted by James Financial Services Inc on 11/21/2021
Not all small business owners want (or need!) to know how to find a tax professional. And if you feel like it's not good for you, that's fine.But if you decide that when tax...
Posted by Karen Munoz, EA on 11/11/2021
The legality of marijuana in many American states is questionable. However, medical marijuana can easily be obtained via a doctor’s prescription and is legal in 34 states. Also,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/24/2021
Of all the tax returns submitted in 2019, only 0.4% were audited, and 80% of the review was done via mail. This rate has dropped significantly in consequent years, and the COVID-19...
Posted by CORE PERFORMANCE on 09/09/2021
When tax season is upon us, it is usually when tax professionals get panic questions from clients who are being audited by the Internal Revenue Service (IRS) because they haven't...
Posted by Karen Munoz, EA on 08/15/2021
The last thing any business owner wants is to be audited by Uncle Sam. Truthfully, the probability of an audit is generally low though some red flags can trigger a business audit....
Posted by Rosovich & Associates, Inc. on 05/29/2021
