The tax audit rates of the largest companies are less than half what they were just 20 years ago while more small and mid-size businesses are coming under scrutiny, this according to an organization that monitors the IRS. Read more for yourself.
Filing your 2007 tax return might signal the official end of 2007, but for tax-savvy individuals, it’s also the signal to start tax planning for 2008. Getting an early start on your 2008 tax planning will help you take maximum advantage of the latest tax breaks, inflation adjustments, and retirement options.
* First, you should always […]
Two laws passed by Congress might have a big impact on your taxes.
Consistently “zeroing out” corporate income may attract IRS attention, and using bonuses to eliminate corporate income isn’t necessarily the best way to minimize taxes for the owner-employee.