Category: Business Tax Preparation

Overall Audit Odds Increasing for Individuals

April 24, 2013

Be on notice: the random selection IRS audit process is raising the odds against individual taxpayers…Numbers show the odds that your individual tax return will be audited have increased every year for the last ten years, except for 2012.

IRS Audits Target Small Business Owners

April 18, 2013

Now preliminary findings of a TAS study on taxpayer compliance seems to confirm what many small business owners suspect; small business owners, especially sole proprietors, are under more scrutiny and are more likely to be audited.

Free Tax Extension Filing Offer

March 29, 2013

This offer applies to clients who have suffered delays and setbacks in getting their tax records and necessary tax forms compiled in time for processing and submission by the April 15th deadline.

List of 31 Tax Forms in Delayed Release

March 25, 2013

The taxpayer will be responsible for detailing how the late payment was connected to a specific delayed form or forms in order to qualify for a penalty waiver. Here is the entire list of 31 delayed forms.

IRS Allows Late-Payment Penalty Waiver

March 21, 2013

The IRS has announced it will waive the penalty normally assessed for late payment of income tax for taxpayers who are affected by the delayed release of 31 different forms commonly used for tax preparation.