Jul 6, 2021 | Blog, Tax Bites
An IRS audit seems scary but may be nothing to worry about. In many cases, the IRS closes an audit after receiving requested documentation. Here are the latest IRS statistics, as well as some tips on how to help come out of an audit with a favorable result.
Jun 24, 2020 | Blog, Tax Bites
As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain “coronavirus-related distributions” from their retirement plans without paying tax. So how do you qualify? In other words, what’s a...
Jun 18, 2020 | Blog, Tax Bites
A meticulous approach to keeping business records can protect your tax deductions and help make an audit much less painful.
