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So a client received a letter from the IRS informing them that they are subject to an IRS field audit. The letter indicates the IRS is especially concerned about their numerous rental activities. They have been asked to substantiate income and expenses for these activities over the past three tax years but they have not…
The tax deadline is quickly approaching and April 15 will be here before you know it. People are frantically calling their tax professionals and asking questions like, “How many tax pros does it take to change a lightbulb?” The answer is, probably the same as last year. But seriously. As we all prepare to do our civic duty…
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