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IRS

Prevent the IRS from Taking Your Business

How to Prevent the IRS from Targeting Your Business

It’s more important now more than ever for you to know how to prevent the IRS from targeting your business! According to Donald T. Williamson, a professor of taxation at American University’s Kogod School of Business; “The “random” audits of small businesses and their owners’ tax returns by the U.S. Internal Revenue Service (IRS) to …

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Slot Machines

How to Protect Yourself: Gambling, Winnings, and the IRS

Since the major economic crisis of 2008 and 2009, many countries have turned their efforts toward gambling as a way of bolstering their economies. According to The American Gaming Association, the gambling industry here in the United States is worth over 261 billion dollars! The gambling industry; casinos, state and multi-state lotteries, sportsbooks, racebooks, licensed online casinos, …

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Tax Documents

Eleven Documents You Need When The IRS Calls

According to The Motley Fool, over One Million Americans are audited by the Internal Revenue Service on average each year. Across all sectors, including, Individual, Business, and Not for Profit, The IRS has a computer system specifically designed to detect anomalies in tax returns. It’s called the Discriminant Information Function (DIF), and it scans every …

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7 Things the IRS Doesn't Want You To Know cover

7 THINGS THE IRS DOESN'T WANT YOU TO KNOW

Download our guide to ensure you know everything you need to and are prepared to deal with the IRS.