Today’s Tax Resolution Tip:
Do you own a home-based business? Ensure you can easily track your expenses by saving a copy of each and every business transaction and deduction!
While good record keeping is a great practice when it comes to filing taxes, it is all the more important if you own a small home-based business. If the IRS decide to audit your business you need to show proof of every deduction
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Today’s Tax Resolution Tip:
If you are a home-based business owner, here’s a tax tip that is particularly relevant to you. Tracking your expenses is essential, especially if you are audited by the IRS. Save at least one copy of each and every transaction and/or deduction as proof in case of audit.
Visit our audit FAQ page for more information on IRS tax audits, including how to avoid them and survive an IRS
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Don’t let Internal Revenue Service Commissioner Doug Shulman hear you use the “audit lottery” phrase. That’s right: you may have heard it at a dinner party or chatting with co-workers. There’s an ongoing myth that the IRS approaches who they audit much like how anyone wins a lottery. By luck. And they’re all wrong–an IRS audit is not random at all. In fact, it follows a system.
In a speech at
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Many consumers out there may feel that being rich and wealthy spares you from having to worry about taxes and the IRS coming after you. However, in recent years the case has been quite on the contrary. The IRS have been gradually increasing their audits of high income consumers. Wealthier taxpayers may find themselves being audited as the IRS increases their enforcement efforts and cracks down on back taxes owed
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The latest edition of tax help news covering anything and everything tax! Check out some of the interesting tax news we’ve Stumble(d)Upon this week, including your pick of last, last minute tax tips, celebrity tax woes, the typical tax cheat, offshore tax regulation and more!
At Tax Resolution Services, Co. keeping up with news from the tax blog-o-sphere is key in ensuring we offer expert tax help and helping us educate consumers
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The IRS, while a fierce and aggressive  agency, does not discriminate. Whether you’re rich or poor, young or old, male or female, if you owe them money, they will come after you regardless of your current financial standing. I recently blogged about that in regards to a Survey Revealing Tax Cheats to be Young, Single and Male.
Now CNNMoney.com reports the IRS is paying particular attention to millionaires – and cracking down
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With just two short weeks before Tax Day 2011, I sat down once again last week with Russ & Sully of the Big Biz Show to talk about some top tax help tips for 2010 returns.

Filing Delays Does Not Mean You Have to Wait. With recent changes to the tax code, the IRS estimated they won’t be ready for prime time till mid to late February which has already passed.
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Today’s Tax Resolution Tip:
The BIGGEST red flag that results in triggering a tax audit for yourself or your business is claiming false business expenses. Don’t do it!
Read about IRS tax audits and what you should be doing to avoid them. Visit our tax relief FAQ page for more tips on audits and the red flags to be wary of.
For a daily dose of tax relief tips, check out 365 Ways to
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We are getting closer to tax day with 20-something days on the countdown till April 18th. Have you gotten your ducks in a row yet?
Last week I sat down with Russ & Sully from the Big Biz Show to share the top four tax help tips for 2011. If you happened to miss the show, here’s the scoop:
Tax Help Tip #1: Severance & Unemployment are Taxable. Many people don’t realize
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IRS audits are the highest they’ve been in a decade and if you find your business getting audited, this is what you need to know: Do not go up against the IRS on your own!
According to a recent Bloomberg article, IRS agents say business owners that choose to represent themselves without professional tax help are the easiest to incriminate during an IRS audit.
The article suggests a number of helpful strategies
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As the Tax Day Countdown series continues on the Big Biz Show, don’t miss tomorrow’s segment on the 7 Things small business owners should know about payroll tax problems! It will air at 1:10pm PST.
As the tax day quickly approaches, are you prepared as a small business owner to own your tax returns? Are there things about payroll taxes that you may not know about? Oftentimes, what you don’t
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Armed with a large federal budget and under pressure to close the whopping $345 billion tax deficit, the IRS has increased audits by 11% last year-targeting both consumers and business owners.
Last week I sat down on the Big Biz Show to continue the Tax Day Countdown and to share some top red flags that trigger IRS audits. So here are some things to watch out for:

Hire a professional. On average,
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When someone is being subjected to an IRS tax audit, they may feel defensive, even if they are not guilty of tax evasion or owing back taxes.  They also may feel bitter about the large amount of time they will spend responding to the tax audit and defending their tax history.  In their frustration, they may ask “why are tax audits necessary?!”   Although the person in the scenario above may be
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The year 2010 was a banner one for the enforcement wing of the IRS. As reported by the Associated Press and other news organizations, the IRS increased the number of returns it audited by nearly 11 percent last year—some 1.58 million individual returns, compared to 1.43 million the year before.
Steve Miller, IRS deputy commissioner for services and enforcement states in the AP report, “We saw individual audits increase, reaching the
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Are you being audited by the IRS?  Any IRS tax audit – whether they are conducted through correspondence, at your home, office or the IRS office – should be taken very seriously.  If you have been chosen for a tax audit, we recommend hiring a tax professional to help you through the IRS audit process because going into a tax audit without representation is like going to court without a lawyer!  Tax
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