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Remember the classic joke about the tax lawyer BAR multiple choice test question in the Tom Cruise movie, The Firm? … The difference between legal tax avoidance and illegal tax evasion is … a) Ten years in Leavenworth b) A smart tax attorney c) Whatever the IRS says it is d) All of the above […]
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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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From Roth account conversions to new requirements in capital gain and loss reporting, there are several tax changes for the 2011 filing coming up. Here is a rundown of ten changes that can be of possible advantage to you this tax cycle. If you have any questions about these or other tax changes, call us. We’d be […]
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Should You Prepare Your Own Taxes? Should you fix your own car or plumbing? It seems you can’t go anywhere without seeing or hearing advertisements for the easiest, most cost effective and secure way to file your Federal Income Tax return. But how do you make the decision what way is best for you? Should […]
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