Skip to main content Skip to search


June 2017 – Newsletter

Audits are becoming less common. The number of individual tax returns the IRS audited fell
to a 12-year low last year, to just above 1 million. Audits have been steeply declining over the last
five years, which the IRS commissioner said was due in part to declining budgets and a smaller

Read more

May 2017 – Newsletter

The IRS is now handling many routine audit reviews through form letters called correspondence audits. These letters come from the IRS and ask for clarification and justification of specific deductions on your tax return…

Read more

August 2016 – Newsletter

Avoid penalties by keeping accurate information return records Did you file all required information returns for 2015 and earlier years? Information returns include Forms 1099, the forms you complete when you pay for certain business expenses such as rent or…

Read more

July 2016 – Newsletter

Are you at risk of an audit? According to recent statistics, budget cuts, staff attrition, and a heavy workload for IRS employees mean your chances of undergoing a tax audit are less than 1%. Does that sound like a non-event…

Read more

May 2016 – Newsletter

Are bad business debts a tax deduction? If you’re in business long enough, you’ll run into a customer who doesn’t pay you. Despite your best efforts, you may conclude that you’ll never receive the money. Do you have a tax-deductible…

Read more