Tax Tips

The environment of modern business has changed drastically over the past few decades due to rapid advancement of technology, demographic changes, and developing trends. Keeping up can be difficult and sometimes the old rules for success no longer apply. However, as they say, "those who...

IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined. But with proper preparation and planning, you should fare well. In fiscal year 2019, the IRS audited approximately 0.4% of individuals....

If the IRS audits your business tax return, they will want to take a closer look at whether you included all your income and if you took the proper deductions or credits. These audits aren’t random as they choose returns that are more likely to...