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irs audits

Could the IRS Have Been the Hero? Should It Have Been the Hero?

April 13, 2009 by James Maule with 94 views

A new study from the Transactional Records Access Clearinghouse (TRAC), New Agency Data Shows IRS Downgraded Large Financial Services Audits provides some disturbing information and raises some serious and challenging questions. According to the report, in 2008 the IRS audited only 15% of large financial services companies even though... [read more]

16 Tips to Avoid a Tax Audit of Your Small Business Return

March 26, 2009 by Daniel Kehrer with 453 views

IRS audits of small business tax returns are up - way up, and headed even higher. The Internal Revenue Service has said loud and clear that it believes roughly $100 billion of income from small business, home office and other solo-operator sources goes unreported each year.  As a result, the tax collecting agency has amped up an... [read more]

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