7 Recent Tax Cases You'll Enjoy Reading About
Warwick, R.I. Preparer Raymond Petrarca has pleaded guilty to 44 counts of filing fraudulent returns for clients. According to the court, Petrarca owned and operated the tax prep business Stratus…
Will My Income Tax Return Be Audited?
For the vast majority of taxpayers, there is not much need to worry that you will be audited. In 2016, only 0.6% of individual income tax returns were audited according to the IRS 2017 Data Book.…
Shakira Pays $25 Million in Back Taxes
Shakira has reportedly paid a major bill for back taxes owed to the Spanish government. According to numerous reports, this international superstar has paid more than 20 million Euros - or $25…
280E: The Federal Tax Code and Your Cannabusiness
If your business is more than a dispensary, you should consider splitting it into two businesses that are adjacent to each. Of course, it is advisable for any business owner, no matter the industry,…
How to Avoid Being Audited
No one wants to pay more income taxes than required, but be careful when preparing your taxes. Attempting to cut your tax liability by getting into IRS grey areas can cause you problems later. You…
Congress Taking Initiative Towards Delayed Medical Cannabis Research
In current times, we’ve seen a growth in cannabis users and cannabis growers. Furthermore, with the plethora of product and abundance of the culture surrounding it, our future educators need to…
Miami-Dade Police Officer Arrested for Stealing Thousands in Federal Funds While in College
Ebony Nesbitt’s tax fraud past may have caught up with her. Fraudulent tax refunds are practically unforgivable with the IRS. If she is convicted, the choices she made in college will severely impact…
IRS Warns Taxpayers to be Alert for Scams Related to Natural Disasters
Let's talk tax scams. According to the IRS, some scammers impersonate charities or operate bogus charities to get money or private information from well-intentioned taxpayers. For example, some have…
What to Do When the IRS Sends a Tax Notice
The moment you take an IRS Notice from your mailbox, it's time to open it and call an enrolled agent immediately. A tax professional will be able to guide you through the process of resolving your…
