IRS Under Reporting

  Casual “Merchants” Likely to Get IRS Under Reporting Notices  Small business taxpayers whose gross receipts, as reported by credit card companies and third-party networks, appear to exceed the income stated on their tax returns may soon be receiving notices...

IRS Whistleblower

IF SOMEONE ELSE KNOWS IT COULD COST YOU. Ever wonder how the IRS finds tax evaders to go after? One way they do it is by relying on Whistleblowers who often tell all sometimes for the reward sometimes just to get even or because they don’t like someone or something...

Tax Loop Hole

  TAX LOOP HOLE – A tax provision created to offset real or perceived costs and to encourage taxpayers to act in a certain way.  Examples:  1) Bonus Depreciation was added to the tax code to get businesses to invest in new capital equipment, by purchasing new...

Identity Theft

  IRS expands identity theft efforts, but you still need to protect yourself. Although the IRS is working harder than ever this year to prevent identity theft and stop the filing of fraudulent tax returns it’s still important that you protect yourself for those...

Tax Questions

It’s tax time and we though we would give our readers and fans an opportunity to ask any tax related questions they might have.  It’s is important to remember that while we want to provide the answers to your questions correct answers can depend on the...