This infographic presents a visual story of how to avoid an IRS Audit. Over a million people just like you get audited each year. Are you at risk of an audit? Find out now.
Audit Defense
IRS Audit Red Flags – What the IRS is looking for – Tax Tips Part 3
Are you self employed? Do you file a Schedule C? If so, you have a higher likelihood of getting audited. Individuals and small business often make small mistakes that flags their tax return for an audit. Taxes are no place to falsify information but small mistakes and common practices such as rounding numbers can give an IRS… Continue reading →
IRS Audit Red Flags – What the IRS is looking for – Tax Tips Part 2
The Federal Budget Deficit is a large concern and the IRS has become more vigilant with tax enforcement. The IRS is already paying more attention to returns that might have been passed over for an audit in years past. With more audits occurring, more and more people are concerned about making small mistakes that might flag their tax return for an audit. Taxes are… Continue reading →
IRS Audit Red Flags – What the IRS is looking for – Tax Tips Part 1
Most people have a great fear of getting audited. Audits can be long, expensive and can require a lot of supporting documentation and professional guidance. There are actually three types of Audits that an individual or business can experience, a field, office, or correspondence audit. Each comes with a different set of requirements to find a tax resolution. Of course the… Continue reading →
IRS Itemized Deductions and Volunteer Work at Schools
Interesting questions come up everyday at our tax firm. On the mind of many parents particularly those with part time or full time self-employment, relates to how their volunteer work for their child’s school might affect them from a tax standpoint. Now that is October, children have settled into their classrooms and many schools have… Continue reading →
IRS to Fingerprint Tax Preparers and Require PTIN to be Renewed Yearly.
We have many clients who come to us with huge tax debts that have resulted from errors or miscalculations on prior year returns. Sometimes these tax filing errors flag an audit or create what might start off as a small tax liability but after years of penalties and interest becomes a much bigger problem. Of… Continue reading →
