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How IRS Auditors Learn About Your Business Industry
Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries...
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That Email or Text from the IRS: It’s a Scam!
“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may...
California Conforms To IRS Filing Extensions For California Storm Victims
The Governor’s office has announced that California will conform to the filing extensions granted by the IRS for California storm victims. This means...
IRS Announces Tax Relief For Victims Of Winter Storms In California
Victims of severe winter storms, flooding, and mudslides in California beginning January 8, 2023, now have until May 15, 2023, to file...
Intangible Assets: How Must The Costs Incurred Be Capitalized?
These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What makes intangibles so complicated?...
Worried About An IRS Audit? Prepare In Advance
IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if your return...
