Skip to Content

Austin, Texas, couple receives tax fraud conviction

The couple were restauranteurs who allegedly underreported their business income. A federal jury recently convicted a husband and wife of tax crimes related to the reporting of income from their restaurants. The government accused the taxpayers of skimming cash off their business receipts and underreporting their remaining income. The allegations […]

Articles

Attention taxpayers: IRS has six new compliance campaigns

The agency will focus on tax issues that taxpayers are more likely to misunderstand, not know about, improperly handle on returns or ignore. In July 2019, the IRS Large Business and International division, referred to as LB&I, announced six new tax law compliance campaigns designed not only to uncover returns […]

Articles

Year-end tax tips to consider

The end of 2022 is right around the corner, making this a critical time for individuals and businesses interested in minimizing tax obligations and maximizing refunds. In the coming weeks, there are things you can do that can improve your financial outlook and avoid unfortunate surprises in 2023. Get organized […]

Tax information

IRS: Accounting error in your favor?

Learning that the IRS is going to audit you or your business can be incredibly stressful. You may be worried about the time or expense it will take to prepare for the audit or nervous that it will reveal mistakes or misconduct and trigger harsh penalties. However, not all audits […]

Audits

Tax changes just around the corner

As we have discussed on this blog numerous times, the tax laws in the U.S. are changing all the time. Just as you might think you have a handle on your tax obligations as an individual or married couple, something can change that brings you back to square one. For […]

IRS

Am I going to jail if I made a tax mistake?

You’ve been a business owner for the last year. It is the first time you’ve run your own company, and fortunately, the business has done very well. You’re excited about the future and the revenue you earned. However, you’ve only done personal taxes before. You attempted to do your business […]

Tax Controversy