Category: Taxes & IRS Audits
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Deducting Travel, Entertainment, Meals, and Gifts as a Business Expense
The key to maximizing your tax savings is knowing the best ways to deduct business operating expenses to produce the very lowest taxable…
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Tax Deductions: The Costs of Going Into Business
What tax deductions can you take for the money you spend before opening the doors to your new venture? These costs are commonly…
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What Is A Deductible Business Expense?
Small business owners and self-employed people are always looking for ways to maximize their tax savings. The key to legally cutting your business…
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Tax Law for Small Business Owners
Take it from one small business owner to another: Operating a business without the right tax knowledge is like skydiving without a parachute—certain…
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Offer in compromise: How to Get the IRS to Accept Your Offer
Would you like to wipe your tax slate clean at an enormous discount? The IRS has accepted less than 1% of a tax…
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Tax Audit FAQ: Common Issues When Dealing With the IRS
In this article, we have collected the 20 most commonly asked questions about tax audits and briefly answered them for your reading pleasure.…
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IRS Audits: Timing is Everything
The IRS is powerful, but not without limit. After getting over the shock of reading “we have selected your federal income tax return for examination,”…
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IRS Audits: Top Six Field Audit Issues
Some field audits last a couple of hours and are wrapped up that day. In extreme cases, a revenue agent may spend hundreds…
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The IRS Appeals Protest Letter
IRS appeals rules differ, depending on the amount of taxes you are disputing from an audit. It’s important to know at which thresholds…
