Top 12 Red Flags For IRS Audits
Check out this article from Kiplinger; it lists their top twelve reasons why individuals are selected by the IRS for audits. Even though the overall individual audit rate is only about 1.11%, you [...]
IRS TARGETS OWNER’S COMPENSATION IN S CORPORATIONS
By Steve Barlotta, CPA Over the past few years, I have cautioned my S Corporation clients that the IRS are clamping down on owners that take a minimum salary. In fact, last year the IRS won a [...]
UNDERSTANDING MEDICARE
There have been some important changes in laws affecting Medicare during the past year, but some other aspects of the program remain the same. With a new wave of Baby Boomers reaching age 65 each [...]
PODCAST: HAVING A TAX PLANNING CHECKLIST
How many times have you asked yourself, “Have I got EVERYTHING I need to do my taxes?” This podcast covers all the data you might need and what you should do with it. [...]
CREATING FINANCIAL RESOLUTIONS FOR THE NEW YEAR
With the New Year here, now is the perfect time to make some financial resolutions to help you ring in 2012 with confidence. While increasing savings and decreasing spending are always important [...]
PAYROLL TAX CUT: THE GOOD, THE BAD & THE UGLY
By Steve Barlotta, CPA Last week I alerted my followers on LinkedIn and Twitter that a compromise had been reached to extend the Social Security payroll tax cut through the first two months of [...]
