by Anthony Imbimbo | Oct 3, 2011 | Tax Audit
Taxpayers, you have been warned. The IRS requested a 5.33% increase in enforcement activities (examinations, collections, and investigations) for the government’s fiscal year 2011. Increases in the federal government’s budget have allowed the IRS to hire...
by Anthony Imbimbo | Sep 21, 2011 | Business Income Tax
Many businesses elect the S-Corporation status in order to avoid double taxation on corporate income and losses, which actually then “flow-through” to the shareholders’ personal tax returns and are assessed at individual income tax rates. However, an...
