Civil & Criminal Penalties

IMPROPER BOOKKEEPING AND TAX PREPARATION Most taxpayers would come to their tax preparers and go through the same routine: 1) Turn in whatever documents that they think are pertinent. 2) Provide whatever else what their preparers may ask then 3)...

IRS Audits vs. Most Common Tax Preparation Issues

IRS audit is one of the most dreaded and misunderstood subjects. The first step to relieving such stress is to keep proper records. They must be kept in such a way that the IRS can quickly and easily distinguish deductible and nondeductible...

Common Bookkeeping Issues

IRS AUDITS and TAX COURT CONSIDERATIONS By analyzing the following tax court rulings cases to settle disputes between the IRS (Respondent) and the taxpayers (Petitioner) on the accounting method that is called “Summary of Expenses”, we can...