December 4, 2015

What do I do if I owe payroll taxes?

If the business is still operating, the first thing that must be done when you owe payroll taxes is to start making timely federal tax deposits.  […]
November 30, 2015
eggshell audit

What is an eggshell audit?

An egg shell audit is a civil audit in which the return(s) under examination contain a material understatement of income, material overstatement of deductions or credits […]
November 6, 2015

How should Tax Audits be Handled by Criminal Tax Counsel?

When an underlying issue(s) in a single or set of tax or information reporting returns exists that is caused by yet undiscovered taxpayer’s potentially criminal noncompliance, […]
October 14, 2015

Does the IRS allow other expenses as necessary expenses?

The IRS will allow “other expenses” if they meet the necessary expense test which is whether the expense is necessary in the production of income or […]
October 14, 2015

What are IRS allowable expenses?

Allowable expenses are the expenses the IRS considers to be necessary in the production of income or to provide for the health and welfare of the […]
October 14, 2015

What to do if there is an IRS discrepancy in amounts owed?

Why is there ordinarily a discrepancy between what the taxpayer calculates they are able to pay as opposed to what the IRS determines they can pay? […]