From the monthly archives:

March 2012

Avoiding the IRS Tax Audit Seven Red Flags

by Lynnea Bylund on March 24, 2012 · 1 comment

The lion share of IRS audits last year — 1.2 million — were done by mail. Only 392,000 involved an in-person meeting with the IRS. That’s not necessarily good news.   Taxpayers overall face a low audit risk: The IRS audited 1.1% of all individual tax returns filed in 2010, or 1.6 million returns of 141 […]

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Tax Deductions from Barter Transactions?

by Lynnea Bylund on March 13, 2012 · 1 comment

Have you been considering bartering lately because of the tightness of money? If so, have you given any thought to the correct tax treatment of bartered transactions? Although the Internal Revenue Service has a “Bartering Tax Center” on its website, after a cursory reading of the half dozen webpages devoted to its tax treatment, you […]

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