IRS HOT Audit Issues Be Prepared Substantiation Is Key to Sustain Tax Credits As a tax professional, it is relatively easy to identify some key issues that the IRS is focusing its attention. In … [Read more...] about IRS HOT Audit Issues
IRS Approves Back-Door Roth IRAs
IRS Approves Back-Door Roth IRAs The Ever-Changing World of Taxes In our October 17, 2017 post, we cautioned taxpayers who used the back door Roth (converting a traditional IRA to a Roth IRA) that … [Read more...] about IRS Approves Back-Door Roth IRAs
OUTSOURCING PAYROLL?
OUTSOURCING PAYROLL? Understand your Outsourced Payroll Responsibilities Let’s face it. Payroll compliance is challenging, complex and time-consuming with the different federal, state and local … [Read more...] about OUTSOURCING PAYROLL?
6-YEAR STATUTE OF LIMITATIONS
6-YEAR STATUTE OF LIMITATIONS How Long Does a Taxpayer Have to Maintain Tax Documentation to Support Tax Return? A question taxpayers often ask is “How long must I maintain my tax records?” … [Read more...] about 6-YEAR STATUTE OF LIMITATIONS
HOME OFFICE DEDUCTION DENIED
HOME OFFICE DEDUCTION DENIED Tax Court Agrees with IRS - Home Office Deduction for Storage Denied IRS Sees Through the Smog & Taxpayer Strikes Out Mohammed Najafpir (US Tax … [Read more...] about HOME OFFICE DEDUCTION DENIED
U.S. Supreme Court Shakes-Up Nexus World of Taxation
U.S. Supreme Court Shakes-Up Nexus World Physical Presence No Longer Required Sales Tax Impact is Far Reaching The U.S. Supreme Court’s decision in South Dakota v. Wayfair on June 21, … [Read more...] about U.S. Supreme Court Shakes-Up Nexus World of Taxation
