by Thomas Jones and Dee Ann Creach Taxpayers can get flagged for forgetting important forms, mixing up numbers, or exaggerating tax breaks. Even one mistake can alert the Internal Revenue Service (IRS) to take a closer look at your return. While there is no such thing...
Whether you're doing taxes for your own business or a client's business, the small – but real – possibility exists for an audit. Understanding the chances of an audit and what the Internal Revenue Service may pay particular attention to can help you and your client...
For a number of years, Congress created significant uncertainty by waiting until the eleventh hour to renew or extend numerous tax provisions. In response to the frustration expressed by both individual taxpayers and the business community, Congress passed the...
by Tene Thomas, Tax Compliance Partner Congressional lawmakers passed a massive government-wide budget deal this past Wednesday combining more than a trillion dollars in year-end spending with hundreds of billions in tax cuts for businesses, families and special...
By Thomas Jones, Partner, Tax Services Our nation’s unemployment rate hovers at nine percent and monthly job losses continue to rise. That has generated discussions in Washington about innovative fiscal policy instruments, such as job creation tax credits, to help...