You may have heard of a first-time penalty abatement (FTA) waiver. When taxes haven’t been filed or paid, the IRS allows an “abatement” that removes penalties applied to the taxpayer. The IRS would prefer to help people pay their tax debt, and the FTA is one tool you...
No matter the size of the operation, all forward-thinking business owners employ the services of a Certified Public Accountant (CPA). As a business grows and becomes more profitable, the amount of money handled increases. The intelligent step is to find a CPA to...
There is a certainty to paying taxes as Benjamin Franklin famously expressed, “In this world, nothing can be said to be certain, except death and taxes.” Author Ann Landers said comically, “A person doesn’t know how much he has to be thankful...
The IRS audit–it’s not a joke, even though many jokes have been made about audits and auditors. An IRS audit is simply a review or examination of an organization’s financial information to verify that the information is recorded correctly, and the reported...
Tax scams. It may not be a fun topic, but scammers are out there constantly, working their deceitful ways to profit from the unaware or unprepared. Scammers prey on both individuals and businesses and they do so at any time, not just during tax season. ...
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