Tax | Audits

IRS Freezes New ERC Claims Due To Rampant Fraud

The IRS has paused their review of ERC claims through December 31, 2023. Think you mistakenly filed a claim? Find out what to do and how to avoid the penalties.

Tax | Audits

Yes – You Can Go To Jail For Inflated Deductions!

Don't be fooled by consultants claiming you'll only get jail time for unreported income.

Tax | Audits

IRS: Beware Of Bad Online Tax Advice

Misleading online tax advice from promoters may leave you holding the bag when the IRS comes knocking. Here's what to look out for and how to slash your taxes the right way.

Tax | Audits

Avoid These IRS Audit Targets

The IRS has increased funding to go after abusive tax arrangements. If you've participated in one of these 4 tax schemes, an IRS audit is almost guaranteed.

Tax | Audits

How To Audit-Proof Your Charitable Contribution Tax Deductions

If you believe that a cancelled check, credit card receipt, or other proof of payment is all you need to qualify for a charitable contribution income tax deduction, you’d be wrong! Find out how you can protect your charitable contribution from the IRS.

Tax | Audits

10 Steps To Protect Against The Coming IRS Audit Avalanche

President Biden proposed an IRS funding increase of $80 billion over the next 10 years, increasing audits and enforcement efforts, especially targeting wealthy individuals and corporations. Use these strategies to stay out of the IRS’ crosshairs.

Tax | Audits

Tax Traps To Avoid

Audit rates are expected to rise in the near future to help fund relief spending. Revenue agents will be targeting tax shelters utilized by high-income earners. Find out how to stay out of the IRS’ crosshairs.

Tax | Audits

How To Protect Your Practice Against The Growing Threat Of State Tax Audits

As a result of the coronavirus impact, state governments are increasing sales and use tax audits to help offset budget deficits. Dentists may have a target on their back, so don’t make flawed assumptions about what’s taxable and what’s not.

Tax | Audits

Avoid These Top 3 IRS Targets

Investing in one of these tax shelter schemes will put a target on your back and almost guarantee an audit. Steer clear of these IRS red flags.

Tax | Audits

How To Avoid 5 Costly Traps When Dealing With The IRS

Don’t simply throw in the towel. Use this article to see your way through the sometimes sticky web of IRS communications.

Tax | Audits

Top 10 IRS Audit Triggers And How To Avoid Them

Doctors should report every nickel of their income, but claim every deduction and tax credit for which they have a legal basis.

Tax | Audits

10 Strategies To Survive And Win An IRS Audit

Here's how to minimize your risk of being audited, and to reduce the headaches and amount owed if you are selected.

Tax | Audits

IRS Audit Update

While the number of tax audits continues to decline, the IRS is not a paper tiger. Make sure you heed this advice.

Tax | Audits

How Truthful Is Your Tax Return?

Tax evasion is a criminal offense and usually means serving jail time. Could you be guilty of fudging the books?

Tax | Audits

Why The IRS Audit Rate Is Dropping And What To Do (And Not Do) About It

The IRS has been given more work to do and less resources to do it with. Here’s how to take advantage.

Tax | Audits

Government Cracking Down On Independent Contractors

Make sure your staff and associates are classified correctly. If not, you could end up paying a hefty penalty!

Tax | Audits

IRS Announces Audit Targets For 2013

Are you at risk for audit in 2013?

Tax | Audits

IRS Targeting Offshore Captive Insurance Companies And Merchant Accounts

Be wary of the many tax evasion schemes weaving through the dental profession. Don’t get hooked by their enticing descriptions!

Tax | Audits

IRS Increases Audits Of High Income Doctors

The “tax gap” has widened, and the IRS is determined to narrow it. Audits of small businesses are up, as are criminal prosecutions, so make sure your practice is in compliance!

Tax | Audits

IRS Increasing Audits Of High Income Doctors And Their Practice Tax Returns

The IRS plans to target smaller corporations by conducting line-by-line examinations beginning in 2011, so doctors should be prepared.

Tax | Audits

IRS Boosts Audits Of High Income Doctors To Close Tax Gap

The audit risk for doctors is increasing. What is the IRS looking for?

Tax | Audits

IRS Announces New Audit Targets and Revival of Random Tax Audits

With the “tax gap” estimated at over $290 billion, doctors may find themselves in the crosshairs of the IRS.

Tax | Audits

How to Handle the Growing Risk of IRS Audit

Follow these 16 rules to avoid IRS audit, or minimize the damage if you’re selected.