The percentage of tax payers who get audited by the IRS is low and seems to be getting lower by the day. But as many good tax attorneys and financial advisors often tell clients, there’s good news and bad news. The lower audit rate is no exception.Take a moment...
Finding Real Life Solutions To Your Tax Problem
Month: September 2019
The ABC Test: Employee or independent contractor?
With the rise of the 21st-century gig economy, the line between an independent contractor and an employee is more blurred than ever. A high-profile 2018 court decision involving app-based companies like Uber, Lyft and Postmates limited the scope of whom employers...
Reasons the IRS will audit you
To put it succinctly, The IRS audits people to double-check their numbers and make sure their returns don’t show any inconsistencies. An audit is not a sinister move by the IRS to blackball you, but some people do try to purposefully cheat the system and that is...
The significant distinction between employee and contractor
Most entrepreneurs understand the complexities of running a company. They have to balance expenses, manage employees, craft products and establish a strong customer base. Along with that, they need to make sure all the details are perfectly executed.One detail that...