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How to Survive a Business Tax Audit

As a business owner, you put in hard work year round for your business. Growth, innovation, team building, and a commitment to your customers don’t just spring out of nowhere. They take time, dedica...

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Marc Anthony owes $3.4 million!
Marc Anthony and Jennifer Lopez may be in the headlines lately for their highly publicized split. But he made his own headlines last year due to tax troubles when he was hit with a $3.4 million lien on his Long Island home. Jennifer Lopez might owe m...
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Even the U.S. Cannot Default on Bills
In the Spring of 1979, Congress was “playing politics” over the debt limit. But it ultimately raised it to $830 billion (a far cry from today’s $14.3 trillion) with only hours to spare. This raises a serious point. Even the U.S. cannon default ...
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Tornadoes, hurricanes, earthquakes, oh my!
After a natural disaster, people are dealing with emotional and possibly physical trauma. There may be loss of property or disruption in income. But tornadoes, hurricanes, and earthquakes don’t need to impact your life more than they already ha...
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Schwarzenegger to Pay Small Fortune
After Arnold Schwarzenegger admitted to fathering a lovechild with his family’s former maid, the world has been abuzz over the dirty laundry between him and Maria Shriver. Maria Shriver Terminates Marriage with Schwarzenegger It wasn’t long until...
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Washington in Uproar Over Debt Limit
Washington is seeing a bit of drama unfold. President Obama and Republican leaders in Congress face off over tax breaks and their impact on the nation’s long-term spending. This can affect the debt limit. Obama squares off with Republicans! The deb...
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Breaking: Doing business overseas?
One of the best things about the internet and a globalized economy is the ability to do business overseas. Even from the comfort of your living room. With the click of a mouse, you can transfer funds to build a factory in China. Or you can invest in ...
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In tax court? Hire a tax attorney
We see it all the time. People get in a dispute with the IRS and try to cut corners with their legal representation. They’ll represent themselves, hire an attorney who doesn’t focus on tax law or even hire an accountant. If you’re in tax co...
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General Electric Skips out on Taxes!
If you’ve been watching the news lately, then you may have heard that General Electric – one of the US’ largest corporations – paid no taxes in 2010. That’s right, the conglomerate that makes everything from appliances to jet engines with b...
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Strange IRS Approved Deductions
Every April people include the weirdest expenses as tax deductions. They hope to convince IRS agents and tax court officials that they were legitimate expenses that should help lower their tax burden. Sometimes tax courts deny them, but other times t...
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So, Why is Tax Day on April 15th?
For millions of Americans, April 15 is that dreaded day when we go head-to-head with the IRS, making that trip to the post office or sitting at the computer to file our tax returns. It either goes well with a nice refund heading our way, or it goes b...
Having a tax debt is stressful. We can help.