The IRS may audit a tax return for a variety of reasons. Surprisingly, most individuals will never face one, and only the IRS knows for sure how they select a tax return for audit. However, experience shows several reasons the IRS might select a tax return for an...
A taxpayer can receive a notice from any taxing agency. This could be a state agency for income, sales or payroll (including unemployment) matters or, of course, the Internal Revenue Service (IRS) for federal income or payroll tax matters. Here’s what to do if...
At some point in time, a business owner has to decide whether to seek help growing their business. They may need employees or independent contractors or both for the business to grow. A business hires an employee to perform a specific task or tasks. So is a...
Virtual currency is very much in the news today. Unfortunately, many people don’t understand what it is, how it works, and, most importantly, how the Internal Revenue Service (IRS) views it. Many often overlook virtual currency and taxes in the overall conversation....
Owning a business is part of the American dream, but starting or running a business is not easy. There are six critical small business financial mistakes a successful business needs to avoid. Top 6 Small Business Financial Mistakes Many new businesses start every...
