Archives for June 2013

It finally happened . . . you received a notice in the mail from the IRS. After glancing furtively at the unopened envelope sitting on the corner of your desk for a few days or weeks, you finally … [Read more...] about “AUDIT-PROOF” YOUR BUSINESS FROM IRS AUDITS? – Part 3

Knowledge is power. If you understand why the IRS selected your business for an audit and what the auditor will examine when he/she reviews your books and records, you can minimize the proposed IRS … [Read more...] about “AUDIT PROOF” YOUR BUSINESS FROM IRS AUDITS – Part 2

According to the Associated Press, the Internal Revenue Service increased audits by nearly 11 percent from 2010 to 2011. Ouch! An IRS audit reverses the constitutional presumption of innocent until … [Read more...] about “AUDIT PROOF” YOUR BUSINESS FROM IRS AUDITS – Part 1

Federal law requires U.S. citizens and resident aliens to report any worldwide income, including income from foreign trusts and foreign bank and securities accounts. In many cases, affected taxpayers … [Read more...] about FOREIGN REPORTING REQUIREMENTS FOR U.S. CITIZENS AND RESIDENT ALIENS