Tag Archives: IRS

Is my side hustle a hobby or a business?

The IRS has some thoughts. Distinguishing between a hobby and a business is confusing at [...]

IRS raises mileage rates effective July 1, 2022

Effective July 1, 2022, the business standard mileage rate for use of an automobile (including [...]

Businesses can utilize the same information IRS auditors use to examine tax returns

The IRS uses Audit Techniques Guides (ATGs) to help IRS examiners get ready for audits. [...]

Now’s the time to review your business expenses

As we approach the end of the year, it’s a good idea to review your [...]

Controversial Charitable Contribution Regulation Withdrawn

This past September, the IRS proposed a regulation that would require charitable organizations to collect [...]

IRS to Begin Contacting Employers with Late Payroll Tax Payments

Falling behind on payroll taxes? Expect a call from the IRS soon. In a recent [...]

How to Choose a Tax Preparer

With the 2015 tax filing season quickly approaching, I thought I would share this article [...]

IRS Audit Rates Drop, Again

A recent report shows IRS individual audit rates at the lowest level since 2004. In [...]

“Blow Up the Tax Code and Start Over”

Rand Paul wrote a piece in the Wall Street Journal the other day titled “Blow [...]

The IRS data breach and how to prevent becoming a victim

We live in a digital era of information. While we try to simplify the way [...]