Tag Archive for "tax audit" - David Wingate's Estate Planning and Elder Law Center

The Internal Revenue Service is stepping up audits of wealthier taxpayers as part of a multiyear effort to crack down on tax avoidance.

If you’re a high-earning taxpayer, with an adjusted gross income of more than $500,000 – well, first, congratulations! and second – beware. It appears that the IRS may be gunning for you. As the Wall Street Journal recently reported in their MarketWatch section, the IRS is stepping up audits of wealthier taxpayers as part of their offensive to crack down on tax avoidance. According to the IRS’s most recent statistical report, audits are increasing on most high income groups and increase as the tax brackets get greater. The percentage of taxpayers who were audited increased in every category of adjusted…

If you are a small business owner, managing your business taxes eats up valuable time and energy that you know you could put to better use elsewhere.

Taxes can be a pain for all of us. But if you are a small business owner, managing your business taxes eats up valuable time and energy that you know you could put to better use elsewhere. Of course, if you think managing your tax filings is time-consuming, you sure won’t want to try your hand at an audit! In a timely article, Barbara Weltman of the Wall Street Journal last week compiled a list of 10 things to keep in mind when filing your business taxes to help avoid any undue IRS attention.Most of her advice is common-sense and…

Posts Tagged ‘tax audit’

The Internal Revenue Service is stepping up audits of wealthier taxpayers as part of a multiyear effort to crack down on tax avoidance.

If you are a small business owner, managing your business taxes eats up valuable time and energy that you know you could put to better use elsewhere.

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