irstaxlitigation Blog
 

What’s in a Name: Defining Employees and Independent Contractors

In the classic story of “Romeo and Juliet” there is a well-known and often repeated line, “What’s in a name?” In the tax world, a name can mean the difference of thousands of dollars. It is important for business owners, employers, employees and independent contractors to understand the distinction between titles and to plan for […]

Less Audits? Not Necessarily A Good Thing

IRS budget cuts may not appear entirely bad. With a reduced budget comes a reduction in the manpower and resources necessary for the IRS to conduct audits. Less audits means less need for taxpayers to concern themselves with the possibility of retaining records for years or, to some, the need to be entirely truthful on […]

Less Audits? Not Necessarily A Good Thing

IRS budget cuts may not appear entirely bad. With a reduced budget comes a reduction in the manpower and resources necessary for the IRS to conduct audits. Less audits means less need for taxpayers to concern themselves with the possibility of retaining records for years or, to some, the need to be entirely truthful on […]

A Cautionary Tale About Tax Preparation

How much research do you do before hiring someone to prepare your taxes? When you hand over your personal information, are you assured that your accountant is keeping your information secure, while also putting together a tax return that will pass IRS standards?  The IRS provides a number of resources to assist taxpayers in hiring […]