by Christina Minton | Jun 20, 2022 | The Audit
Less than 1% of more than 145 million individual tax returns filed during 2021 will be selected for audit. The percentage increases for higher income taxpayers, along with tax returns in areas of specific interest to the IRS. Here’s what you should remember if...
by Christina Minton | Mar 28, 2022 | The Audit
Your guide to post tax-filing record retention Before you close this year’s tax file there is still some work to do. If the IRS or state revenue department selects your return for review, you will need to be prepared. Here is what you need to do now: Keep a copy...
by Christina Minton | Aug 30, 2021 | The Audit
A key lesson within EVERY tax surprise What follows is a true story. A story with a sad ending. But one that has a lesson for everyone. Stick with the story, with a high degree of certainty most tax surprises can be identified with a little help. The ingredients...
by Christina Minton | Aug 16, 2021 | The Audit
State tax authorities clamp down If you work remotely in another state or are thinking about changing your residence from one state to another, you may be caught in the middle of a major state tax audit. If you keep a home in your original state or you later decide to...
by Christina Minton | Jul 5, 2021 | The Audit
Don’t get caught by the nanny tax This often overlooked bookkeeping and payroll tax requirement can cause a tangle of tax problems if not handled correctly. Could you be impacted? This is what you need to know. Nanny tax explained In an effort to capture income...
by Christina Minton | May 31, 2021 | The Audit
What steps you should take If you receive a notice from the IRS, do not automatically assume it is correct and submit payment to make it go away. Because of all the recent tax law changes and so little time to implement the changes, the IRS can be wrong more often...
