"Discover the Secrets of How the Statuteof Limitations Applies to IRS Audits" To get my complete, FREE articlewith all the details… Are you tired of the looming fear of an IRS audit hanging over your head? We understand how unsettling it can be, so we're excited to share valuable insights into the statute of limitations on IRS audits and tax assessments. In our … [Read more...]
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The IRS Dirty Dozen List: More Than Just a Gimmick
“The IRS Dirty Dozen List:More Than Just a Gimmick” To get my complete, FREE articlewith all the details… For over 20 years, the IRS has released a series of notices identifying tax scams and avoidance schemes. The IRS calls these scams andschemes the “Dirty Dozen.” I know. The IRS’s annual Dirty Dozen list may sound like a gimmick, but taxpayers should take it … [Read more...]
Improper ERC Claim? Pay Back 80%, Keep the Rest
“Improper ERC Claim?Pay Back 80%, Keep the Rest” To get my complete, FREE articlewith all the details… Did you improperly claim an employee retention credit (ERC)? Well, if you expect the IRS to punish you with painful penalties, perhaps not. As things stand now, all you have to do is return 80% of the credit to the IRS and keep the remaining 20%, including … [Read more...]
The ERC: From Double Benefits to IRS Warnings
“The ERC: FromDouble Benefits to IRS Warnings” To get my complete, FREE articlewith all the details… The ERC made its debut in the 2020 CARES Act. That’s when the law was passed, and the IRS offered wonderful benefits. At that time, you could claim the ERC of up to $5,000 per eligible employee. Or you could take out a forgivable loan under the … [Read more...]
Don’t Let Your Recreational Gambling Create a Tax Nightmare
“Don’t Let Your Recreational GamblingCreate a Tax Nightmare” To get my complete, FREE articlewith all the details… For starters, check out the federal income tax rulesthat possibly affect you. These are the tax rules that govern your gambling. Be sure you understand them! Your winnings are “above-the-line” taxable. Your losses are … [Read more...]