Sales Tax Audits in North Carolina: Key Insights and Preparation Tips
Navigating sales and use tax compliance can be daunting, especially when the possibility of an audit is on the horizon. Even the most diligent business owner can feel a surge…
How the IRS Investigates Tax Fraud: Key Red Flags and Proactive Steps
There are many reasons a taxpayer might face an Internal Revenue Service (IRS) tax investigation, often catching them off guard and unaware until the probing begins. Staying informed about legal…
Tax Debt Relief: Is the IRS Offer in Compromise Right for You?
Tax season elicits varied reactions from individuals; while some eagerly anticipate their refunds, others face significant stress, especially if they owe money. The prospect of dealing with substantial tax debt…
IRS Overhaul Aims for a 10X Increase in Audit of Businesses and the Wealthy
The IRS is often a menace to working men and women. If you own a business or ticked the wrong withholding box, you may be on the tax man's hook…
Maximizing the Benefits of the New IRS Employee Limit for Small Businesses
Small businesses across the U.S are facing a lot of changes resulting from the recent updates from the Internal Revenue Service (IRS). One notable change is the increase in the…
The Reduced Child Tax Credit Mean Increased Tax Liability to Parents and Families
The expanded child tax credit is one of the most successful anti-poverty in history, according to data from the US Census. However, the government could not extend it past 2021.…
Why The IRS Is Now Focusing More on High-Income Taxpayers and What to Do About It
After years of being sorely underfunded, the IRS has finally received an allocation of $80 billion meant to boost its capacity under the Inflation Reduction Act. With this new funding,…
How to Navigate a Business Tax Debt Storm Like a Pro
Stepping into the murky waters of past-due business tax debt can feel like navigating a minefield. With the IRS's unyielding authority to impose crippling fines and seize assets, one could…
IRS Audit of Cryptocurrency: What to Expect
Has the Internal Revenue Service (IRS) chosen you for a cryptocurrency audit? This long, dreary procedure can be scary, especially if you're a first-timer. But you're not alone. The IRS…