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Five guys committed a $13 million tax fraud. Here’s how much prison time they’ll do

Miami-Dade residents Jamal Dyer, Jorge Osorio-Rodriguez, Tramaine Sealy, Jonathan Edwards and Daniel Murias each have been sentenced to do federal prison time after pleading guilty to a $13 million tax fraud

What Are the Differences Between an Accountant & a CPA?

Tax preparation can be a challenge for anyone. However, people with complicated needs must be especially mindful of tax obligations and deadlines. For example, if yo...

Is Hiring a CPA Worth it? 5 Tips for Getting Your Money’s Worth

Often when people find out I’m a tax accountant, I get asked, “How much does a CPA cost?” It’s like me asking “How much does a home cost?” We all understand that a 1,000 square-foot home in Kansas has a different cost than a 1,000 square-foot penthouse condo in New...

10 Questions to Ask When Considering Hiring an Accounting Firm

When you look for an accountant, you don’t just want someone who can help you reduce your tax liability and prevent trouble with the IRS. You also want someone who can help make your business better. A good

Here’s why your tax return may be flagged by the IRS

There are several reasons why your tax return may get flagged or audited by the IRS. Here’s how to avoid IRS scrutiny and processing delays.

5 Tax Tips for Millennials

Winging it on your taxes? You could be missing out on significant savings or worse yet, be endangering your finances and freedom by not knowing the basics.

4 Practices That Keep a Life Crisis From Creating a Business Crisis

Nurture relationships and practice equanimity while life is calm and you will be prepared to navigate a personal trauma that could upend your business.

Compare Your Tax Deductions to the Average American's with These Charts

The IRS might turn a suspicious eye on you if your claimed deductions are higher than what’s normal for your income level. Compare your deductions against the average to gauge your audit risk or see if you’re missing any deductions.

5 surprising items you can deduct from your income tax returns

What Could Get Your Tax Return Audited? Here's What to Watch

When filling out their tax return, some docs wonder how precise they should be, what they can deduct, and what will happen if they make a mistake. Here's the information you need.

How To Protect Clients From an IRS Audit

Although most clients may never have to experience an IRS au

Understanding IRS tax audits

The IRS may decide to audit your small business to check whether the reported taxable loss, income, deductions, and expenses comply with the federal tax laws. If there was a mistake, your business

14 Ways to Avoid a Tax Audit

Stay within IRS guidelines to avoid being audited.

How Bunching Expenses Can Enable Taxpayers to Continue to Itemize

Taxpayers who were previously able to lower their tax bills by itemizing may want to consider using a “bunching” strategy, which generally means either accelerating or deferring deductible expenses so that more of these expenses fall in a single tax year rather than in multiple tax years.

Be Aware of IRS Audit Red Flags

Many taxpayers fear an IRS audit. Although the IRS audit targets change with the times, below you’ll find some of the high-risk tax- audit areas that the IRS has examined

Writing Off Medical Expenses as a Tax Deduction

Want to lower your income taxes by writing off your medical expenses? Here's what you need to know about the tax deduction for medical expenses.

Is Your Business Being Audited? What the IRS is Looking For

If you are self-employed your chances of being audited are three times higher than the average wage earning taxpayer.