TAX CONTROVERSY

Business IRS Audit Letter: Stop Getting Noticed

What should you do if your business receives an IRS audit letter? Keep calm and call your CPA. Receiving an IRS audit letter or nuisance letter is actually more common than you might think. The IRS regularly notifies businesses upon discovery of mathematical errors, when they receive information that conflicts with a tax [...]

May 21st, 2015|TAX CONTROVERSY, VIDEO|

IRS Correspondence Letter: Your New Pen Pal the IRS

Bill. Bill. Junk mail. Magazine. Bill. Junk mail. Bill. That’s pretty much what most people find when they reach inside their mailbox every day. What most people probably don’t expect is an IRS correspondence letter. So what should you do if you get one? Step 1: Resume breathing. While the IRS probably isn’t inviting you to [...]

February 25th, 2015|TAX CONTROVERSY|

U.S. Tax Court Ruling Creates Seismic Shift Regarding Tax Free Gifts

The traditional saying is that nothing of value in this world comes without a price, and the U.S. Tax Court is supporting this theory regarding tax free gifts with a recent decision that declared certain income from “free gifts” is no longer tax free. Those frequent flyer miles, bonus points, and other freebies exchanged for opening [...]

October 25th, 2014|TAX CONTROVERSY|