There are few calls less welcome than a call from the IRS. It could come directly to your accounting office or you might hear from a client after they have been contacted. Either way, you need to take the issue seriously and act carefully because your immediate actions may negatively… [Read more]
An IRS Special Agent Contacted Me (or My Accountant): What Now?
Just the thought of being contacted by the IRS can be enough to make you sweat. Receiving a letter, phone call, or surprise visit from IRS Special Agents can be extremely stressful and frightening. Whether they’ve reached out to you or your accountant, you may be wondering what to do… [Read more]
When Can the IRS Come After a Business Personally?
Tax season can be an impersonal, bureaucratic nightmare for many business owners. But there’s a personal side to taxes, too. That’s because when you’re a business owner, there can be a high level of personal risk involved. Your time, energy, and money all go towards keeping your business afloat, and… [Read more]
The Top 5 Ways to Reduce Your Risk of a Tax Audit
If there is anything business owners dread more than tax season, it’s being audited by the IRS. There are many reasons why the IRS or the state may come knocking on your door for an audit. These reasons can include: Accidentally (or deliberately) fudging a figure: Taxation software has made… [Read more]
