by Sarah Boehle Pool | Nov 15, 2023 | Latest News
Casualty loss tax deductions may help disaster victims in certain cases This year, many Americans have been victimized by wildfires, severe storms, flooding, tornadoes and other disasters. No matter where you live, unexpected disasters may cause damage to your home or...
by Sarah Boehle Pool | Nov 13, 2023 | Latest News
How IRS auditors learn about your business industry Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries and issues on tax returns by using IRS Audit Techniques Guides...
by Sarah Boehle Pool | Nov 9, 2023 | Latest News
Is your business subject to the new BOI reporting rules? The Corporate Transparency Act (CTA) was signed into law to fight crimes commonly associated with illegal business activities such as terrorist financing and money laundering. If your business can be defined as...
by Sarah Boehle Pool | Nov 8, 2023 | Latest News
What are the tax implications of winning money or valuable prizes? If you gamble or buy lottery tickets and you’re lucky enough to win, congratulations! After you celebrate, be aware that there are tax consequences attached to your good fortune. Winning at gambling...
by Sarah Boehle Pool | Nov 6, 2023 | Latest News
What types of expenses can’t be written off by your business? If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. For example, the tax law doesn’t explicitly...
