IRS Audit Traps & 5 Ways to Steer Clear

No one wants to fight with the IRS especially when it comes to tax audits. You can find out some simple ways to reduce your risk of being audited in this article from Forbes.com. 1. Be Reasonable. Do not be afraid to take deductions and losses to which you are...

IRS Not Going to Enforce ACA Individual Mandate

Recently I read an article in the CPA Practice Advisor written by Isaac O’Bannon discussing the fact that the IRS is not going to enforce the ACA mandate that individuals have medical insurance coverage all 12 months of the year. Individuals will no longer be...

2017 IRS Dirty Dozen Scams

Every year the IRS put publishes what it calls the Dirty Dozen. These are schemes people have used to try to get out of paying taxes. This year the list includes: Hiding Cash in offshore accounts: People put money in foreign accounts hoping it won’t be...

Pin It on Pinterest