Tax Tips — Some Work, Some Don’t

One of the tax tips being sold to folks with IRAs, sometimes for exorbitant amounts of money, is going to cause them to lose their entire IRA. Basically, the hot shot financial planners/tax consultants restructure a person’s business or professional practice into an S corporation or LLC

Tax Audit

Tax audit fear increases with every tax season. And this fear is becoming more justified. I was shocked to read in Bloomberg that Uncle Sam is auditing more Americans than ever before. In the year 2000, one in every 203 Americans faced a tax audit. In 2012