The automated underreport (AUR) unit of the IRS screens tax returns for mismatches between the income shown your tax return and the income reported to the IRS by third parties…
Welcome to Florida! You can now enjoy the benefits of living in a state with no state income tax. But don’t put your checkbook away just yet. In certain situations,…
When a business owner needs to determine the value of a business, two options are available: a valuation engagement or a calculation engagement. A calculation engagement is more limited in…
The Taxpayer Advocate Service (TAS) is an independent organization within the IRS, originally created in 1979. Since then, legislation has expanded the rights, responsibilities, and duties of this organization. The…
One of the benefits of owning your own business is the ability to select the type of retirement plan that is right for you and your employees. Below is a…
It’s common knowledge that the IRS is understaffed and lacks the resources to effectively assess and collect all taxes owed. But when it comes to payroll taxes, don’t underestimate the…