IRS

News and Articles About IRS

The Top 5 Mistakes People Make When Starting a Business

The Top 5 Mistakes People Make When Starting a Business

Sure, you're idea is unique but how businesses survive, or don't, is the same for everybody.
5 Tax Planning Tips for Your Small Business

5 Tax Planning Tips for Your Small Business

We're more than half way through 2014: Where does your business stand in terms of taxes?
The IRS Has Put a Stop to this Obamacare Workaround

The IRS Has Put a Stop to this Obamacare Workaround

Those planning to send staffers to individual health exchanges with pre-tax funds might face some unpleasant surprises come tax-time.
Huh? IRS Awarded $1 Million in Bonuses to Employees Who Owed Back Taxes

Huh? IRS Awarded $1 Million in Bonuses to Employees Who Owed Back Taxes

While many of us scramble to file on time and avoid penalties, an internal investigation has revealed that IRS workers who owed back taxes were actually given bonuses.
5 Tax Mistakes that Startups Make

5 Tax Mistakes that Startups Make

Get through tax time without a migraine or massive fines by avoiding these rookie tax blunders.
IRS Will Tax Bitcoin, Says It's Not Currency

IRS Will Tax Bitcoin, Says It's Not Currency

In a historic ruling, the IRS said Bitcoin is property, not currency, and will be taxed as such. Here's what you need to know.
Be Honest: Maybe You Shouldn't Do Your Own Taxes

Be Honest: Maybe You Shouldn't Do Your Own Taxes

Our experts give you five reasons to reconsider taking the DIY route.
The 3 Most Common Mistakes Entrepreneurs Make on Their Taxes

The 3 Most Common Mistakes Entrepreneurs Make on Their Taxes

CPAs reveal the big IRS no-no's committed by 'treps
The S Corp Deadline Is Approaching: What to Know

The S Corp Deadline Is Approaching: What to Know

The March 17 deadline to take the S Corp election is nearly here. We explain who is eligible and how it might benefit you.
Will Your Business Fall Victim to the Dreaded Tax Audit?

Will Your Business Fall Victim to the Dreaded Tax Audit?

Even if you have all of your ducks in a row, the IRS could hand select your return to be audited. Here are some reasons why.
The Ethics Coach on Cash Deals, Transparency and More

The Ethics Coach on Cash Deals, Transparency and More

Our ethics coach takes your questions about under-the-table payments, planned obsolescence and price transparency.
5 Mistakes I've Made So You Don't Have To

5 Mistakes I've Made So You Don't Have To

A wise person learns from someone else's experiences, so there's no excuse to repeat these business blunders.
IRS to Take a Closer Look at Small Business Filings

IRS to Take a Closer Look at Small Business Filings

Here are three important tips for how entrepreneurs can avoid getting into trouble with the IRS.
5 Hiring Practices to Keep You Out of Hot Water With the IRS

5 Hiring Practices to Keep You Out of Hot Water With the IRS

Distinguishing between independent contractors and employees properly means covering all your bases. Here are five important steps to take.
How to Respond to a Letter From the IRS? Breathe.

How to Respond to a Letter From the IRS? Breathe.

Getting a letter from the IRS can be a panic-inducing experience. Here's how to handle it and calm your nerves.
How to Scale Up Your Holiday Workforce the Right Way

How to Scale Up Your Holiday Workforce the Right Way

There's a right way and a wrong way to staff up for the holidays. Here are a few tips for keeping you on track and out of the IRS's headlights.
Why You Should Keep Business and Personal Expenses Separate

Why You Should Keep Business and Personal Expenses Separate

Mixing business expenses with your personal life can get messy fast.
Why Missing Quarterly Tax Deposits Can Devastate Your Business

Why Missing Quarterly Tax Deposits Can Devastate Your Business

Don't get yourself in trouble with the IRS. Here's how to make sure you stay on top of tax deposits.
What To Do If You Receive a 1099-K Notice From the IRS

What To Do If You Receive a 1099-K Notice From the IRS

Stay calm: It may not be an audit. Get some professional tax advice, gather up your records and respond, says tax expert Barbara Weltman.
The IRS Wants to Know If Your Freelancer Should Be Getting a W2

The IRS Wants to Know If Your Freelancer Should Be Getting a W2

When the U.S. government is hurting for pennies, you'd better mind your Ps and Qs.
5 Reasons the IRS's New Focus on Small Businesses Is Ridiculously Egregious

5 Reasons the IRS's New Focus on Small Businesses Is Ridiculously Egregious

The IRS is sending letters to tens of thousands of small businesses asking if they are underreporting revenue, according to new reports.
Calculating Your Home-Office Deduction Just Got Easier

Calculating Your Home-Office Deduction Just Got Easier

The IRS provides a new streamlined option for determining how much you can deduct for your home-office space.
I'm Being Audited. Now What?

I'm Being Audited. Now What?

Don't let a tax audit get you down. Accountant Mark Kohler offers four tips to help you save time and money.
Three Tips for Avoiding a Tax Audit

Three Tips for Avoiding a Tax Audit

Accountant Mark Kohler offers advice for how you can keep the IRS from knocking on your door.
Five Tips For Avoiding a Tax Audit

Five Tips For Avoiding a Tax Audit

Before you file your taxes, watch out for these common red flags that could draw unwanted attention by the IRS.

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