IRS

The S Corp Deadline Is Approaching: What to Know
Finance

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.
Nellie Akalp
Will Your Business Fall Victim to the Dreaded Tax Audit?
Finance

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.
Gael O'Brien
5 Mistakes I've Made So You Don't Have To
Growth Strategies

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.
Josh Steimle
IRS to Take a Closer Look at Small Business Filings
Finance

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.
Gabrielle Karol
5 Hiring Practices to Keep You Out of Hot Water With the IRS
Finance

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.
Barbara Weltman
How to Respond to a Letter From the IRS? Breathe.
Finance

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.
Amrik Randhawa
How to Scale Up Your Holiday Workforce the Right Way
Growth Strategies

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.
Jeff Wald
Why You Should Keep Business and Personal Expenses Separate
Finance

Why You Should Keep Business and Personal Expenses Separate

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

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.
Mark J. Kohler
What To Do If You Receive a 1099-K Notice From the IRS
Finance

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.
Barbara Weltman
The IRS Wants to Know If Your Freelancer Should Be Getting a W2
Finance

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.
Jeff Wald
5 Reasons the IRS's New Focus on Small Businesses Is Ridiculously Egregious
Finance

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.
Ray Hennessey
Calculating Your Home-Office Deduction Just Got Easier
Finance

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.
Catherine Clifford