May 24, 2016 | Business Consulting, Federal Income Tax, IRS Audit
Be Prepared for an IRS Tax Audit, Before or After It Happens If you hear from the IRS, you may feel a startling sense of dread. This is common—and is especially true when facing an audit. An IRS audit is an attentive, grueling look at your personal or...
Aug 25, 2015 | Federal Income Tax, Non-Filers
August 25, 2015 Unfiled Business Income Taxes Tax Preparation Chicago Illinois So you have unfiled business income tax returns. What do you do? Should you ignore it? Do you think that it will go away by itself? If you do not file your...
Jul 1, 2015 | Federal Income Tax
Updated July 1, 2015 Business Tax Preparation in Chicago Illinois normally involves three different categories; Income, Payroll, and Sales Tax Return Preparation. Many new customers will say, “Chris, I only need you to do my business and personal income tax...
Jun 30, 2015 | Federal Income Tax, S Corporations, Small Businesses
June 30, 2015 S Corp Tax Preparation Chicago Illinois is a substantial portion of the work that we handle at my practice in Chicago. As a small business accounting and taxation specialist, the tax savings that come with an S Status can be remarkable. But there...
Jun 19, 2015 | Federal Income Tax, Illinois Department of Revenue, IRS Audit
June 19, 2015 I just had a new client come in that had some issues with commingling. The prior accountant had put the companies factory on the company income tax return, and taken an inappropriate deduction for depreciation and other building expenses. We asked...
Jun 17, 2015 | Federal Income Tax, IRS Audit, Small Businesses
June 17, 2015 The use or Correspondence Audits by The Internal Revenue Service has increased significantly. The primary reason is cuts congress has made to the IRS budget. It is just more efficient use of an IRS Employee’s time to review audit evidence by mail...
