IRS Penalties Most Likely to Affect Small Businesses

If your small business fails to comply with tax taws or tax filing requirements, those mistakes can be costly. The number of penalties that the IRS can use to punish small businesses is staggering. This article covers the six most common tax mistakes that small businesses make and the corresponding penalties that the IRS can […]

Negligence Versus Tax Fraud: How Can the IRS Tell the Difference?

The difference between cheating on your taxes and negligently filing them, and how the IRS distinguishes between the two. It shouldn’t come as a shock to hear that it’s a crime to cheat on your taxes. In a recent year, however, only 2,472 Americans were convicted of tax crimes — 0.0022% of all taxpayers. This […]