May 29, 2016 | Business Consulting, business tax preparation chicago, IRS Audit
Tax resolution services are a common service. But do you know what makes certain agencies better at dealing with these important concerns than others? Many scams will try to trick you into paying for tax services that under-deliver, over-promise, and just plain...
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...
May 22, 2016 | business tax preparation chicago, IRS Audit, small business accountant chicago
Even good, responsible people can end up owing the IRS a lot of money. If you find yourself in this position and are unable to pay your debts, you might be eligible for a tax reduction or a tax repayment plan that will make your payments affordable. You...
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...
