What Vehicle Expenses Are Tax Deductible?

What Vehicle Expenses Are Tax Deductible?

Clients often ask what vehicle expenses are tax deductible. While this may seem a somewhat complicated aspect of business ownership, this article aims to help clarify the process. The use of a vehicle is often an ordinary and necessary expense of conducting business...
7 Common Reasons the IRS May Audit a Tax Return

7 Common Reasons the IRS May Audit a Tax Return

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...
What to Do When You Receive a Tax Notice

What to Do When You Receive a Tax Notice

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...
Avoid 6 IRS Audit Red Flags for Your Small Business

Avoid 6 IRS Audit Red Flags for Your Small Business

An Internal Revenue Service (IRS) audit is usually rare, and the reasons for an audit are not always clear. However, certain factors may cause the IRS to audit a business. Here are six IRS audit red flags a small business should avoid. 6 IRS Audit Red Flags to Avoid...