IRS to Crack Down on Executives’ Personal Use of Business Jets as Tax Deductions

The Internal Revenue Service (IRS) has announced plans to intensify audits targeting executives who exploit business ... exploiting tax loopholes, or will they find alternative means to minimize ... Read More

The IRS Is Cracking Down on These High-Income Earners. Are You One of Them?

A financial advisor can help you assess your audit risks and potential tax liabilities ... expect the IRS to come knocking as early as next year. The news follows an injection of billions of ... Read More

Unlocking The Mystery Of Small Business Tax Deductions

For many small ... tax professional who can provide guidance tailored to your business's unique situation, ensuring you capitalize on all available tax-saving opportunities while adhering to IRS ... Read More

Lawmakers Want the IRS to Crack Down on 'Wealthy Tax Cheats'

Since receiving funding from the Inflation Reduction Act, the IRS has ramped up tax enforcement for millionaires, but data show the agency has yet to crack down on ... that only a small percentage ... Read More

IRS cracking down on wealthy people who've skipped out on filing tax returns

The IRS is going after high-income earners who skipped out on filing federal income tax returns in more than 125,000 instances since 2017, the agency said Thursday. They're believed to owe, based on a ... Read More

Closing a business

In addition to filing that final Schedule C, you also have to give IRS details about your asset sales. For example, let’s say you run a small ... Your tax checklist for shutting down a business ... Read More

Tax changes small business owners should be aware of as the tax deadline looms

As Tax Day approaches, there are plenty of things small business owners should keep in mind when filing taxes this year. April 15 is still the annual tax deadline for many small businesses ... Read More

10 Small Business Tax Deductions Worth Knowing

The good news is, you can write off a wide range of business expenses, and every deduction will help to reduce your taxable income. Not sure where to start? Here are 10 small business tax ... Read More

Filing a business tax extension

In that case, you must file a 2023 tax return or extension request by March 15, 2023. It is important to meet the IRS deadlines ... Get direct access to small business tax experts who are up ... Read More

IRS cracking down on wealthy people who've skipped out on filing tax returns

The IRS is going after high-income earners who skipped out on filing federal income tax returns in more than 125,000 instances since 2017, the agency said Thursday. They're believed to owe ... Read More

Tax changes small business owners should be aware of as the tax deadline looms

yourself unless you’re an expert.” But even if small business owners aren’t filing taxes themselves, it’s still important to stay informed about any tax changes during the year. Read More