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Tag Archives: Business IRS Tax Audit
IRS TAX AUDITS- PART IV
Please read our seven part blog series on IRS tax audits. We have answered some of the most asked questions we receive regarding tax audits. Can you request the audit be conducted at the IRS office instead of at your … Continue reading
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Tagged Business IRS Tax Audit, Business Tax Audit, IRS Problem Help, Tax Audit
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IRS TAX AUDITS- PART III
Please read our seven part blog series on IRS tax audits. We have answered some of the most asked questions we receive regarding tax audits. Where will the audit be held? It depends on the type of audit being conducted. … Continue reading
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Tagged Business IRS Tax Audit, Irs Tax Audits, IRS Tax Problems, Tax Audit
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IRS TAX AUDITS- PART I
Please read our seven part blog series on IRS tax audits. We have answered some of the most asked questions we receive regarding tax audits. Does the IRS ever contact a taxpayer or the tax preparer via e-mail to initiate … Continue reading
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Tagged Business IRS Tax Audit, Business Tax Audit, Irs Tax Audits, IRS Tax Problems
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Are Your Workers Classified Correctly?
Don’t subject your business to tax penalties by miss-classifying an employee as an independent contractor. The IRS is aware that employers prefer to treat workers as independent contractors to avoid paying fringe benefits and payroll taxes. If you’re not … Continue reading
Posted in IRS Letters
Tagged Business IRS Tax Areas to Watch, Business IRS Tax Audit, Business Tax Relief, IRS Problem Help
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Audit Target: The Sole Proprietor
Each year the IRS publishes their activities in a publication called the Data Book. And each year for the past number of years the number one target of audits are those tax returns with a Schedule C for small business … Continue reading
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Audit Rates for S Corporations and Partnership Returns
Having a small business is itself a flag of sorts. Some people use small businesses as a tax dodge, a way to write off expenses, and so the IRS keeps a close eye on small-business owners. Other factors that may … Continue reading
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Tagged Business IRS Tax Areas to Watch, Business IRS Tax Audit, IRS Problem Help, Irs Tax Audits, Tax Problem Solutions
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IRS Audits of Independent Contractors
It is very important to make the proper decision about employee classification. If an employee is incorrectly identified as an independent contractor you may be liable for the self-employment taxes that you should have paid plus penalties. If you … Continue reading
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Tagged Business IRS Tax Areas to Watch, Business IRS Tax Audit, Business Tax Audit, File Tax Return, IRS Tax Audit Areas, Irs Tax Audits, Tax Audit Areas
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Under Barack Obama, Audits of Small and Medium-Sized Businesses Have Skyrocketed
The Internal Revenue Service (IRS) recoups $702 in taxes for every hour it spends auditing small businesses, versus $9,173 an hour for auditing large corporations. But under Barack Obama, audits of small and medium-sized businesses have skyrocketed. According to IRS … Continue reading
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Tagged Business IRS Tax Areas to Watch, Business IRS Tax Audit, Business Tax Relief, IRS Problem Help, Tax Audit, Tax Audit Areas to Watch through 2013
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Charity Scrutiny & Potential IRS Audits Forthcoming
Tax-exempt groups will face extra audit heat from IRS on several fronts: Organizations offering aid on mortgage foreclosures. Examiners will check whether these groups are helping people or just generating income for their owners. A similar project involving credit counseling … Continue reading
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Tagged Business IRS Tax Areas to Watch, Business IRS Tax Audit, Business Tax Audit, IRS Tax Audit Areas, IRS Tax Problems, Tax Audit
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Form 1099-K & Income Matching; Potential Audit Troubles?
Form 1099-K is an information return that reports payment card and third party network transactions. Previous reports along with speculation supported that the IRS may conduct specific matching of Forms 1099-K to business returns in 2012. If the business income … Continue reading