Blog
Tax Havens: Legal Or Not?
Google shifted nearly $23 billion in profits to a tax haven in Bermuda in one single year, allowing it to avoid triggering U.S. income taxes and European withholding taxes on its foreign...
Beware Of The Newest IRS Scams
Did you get a hostile call from the IRS about owing money? Did Uncle Sam email you a tax transcript? You are being scammed. Over the past few months, the IRS has issued notifications of new...
Real Estate Investments And Your Taxes
Do you invest in commercial real estate? You don't need to be a mogul to do it, and certain tax advantage can make it worthwhile. Some recent tax changes should be noted, however, even for...
Your 3 Types Of Taxed Income
Taxes are fickle. One classification misunderstanding and the IRS could blindside you with a tax or a tax rate you weren’t expecting. Small business owners are especially vulnerable since their...
Forensic Accounting Lessons From The College Admissions Scandal
If the recent college admissions scandal has you scratching your head wondering, “how did they get away with it for so long, and how was it uncovered,” wonder no more. There’s no doubt that...
Not All Postmarks Are Valid To The IRS
While printing postage from the internet is convenient, it may not be a good idea to do so for payments or petitions mailed to the IRS. That’s what one taxpayer recently learned when her...
Accounting Lessons From The NBA’s Zaza Pachulia
NBA star Zaza Pachulia and his wife recently learned the hard way that it’s critical to use a reputable accountant. Pachulia’s identity was used by his accountant, Randy Usow, to defraud the...
Expert Witnesses Are Not Immune To Malpractice Claims
A Michigan Court of Appeals recently ruled that expert witnesses can’t simply claim witness immunity for testimony that can be considered incompetent. Instead, licensed professionals acting as...
How Hobbies Get Taxed
Hobbies are a great distraction from the hustle and bustle of work. If you're retired, they can be equally fulfilling. Over time, some of us become so good at our hobbies that they start...
Retiring In 2019
Retiring soon? Congratulations! Certain changes in the tax code affect your income taxes as you retire, including healthcare deductions and Social Security distributions. If you’re a business...