4 ways to prepare for next year’s audit
October 11, 2023
It’s time to prepare for next year’s audit. Are you ready for fieldwork to begin?
The tax implications of renting out a vacation home
October 10, 2023
If you rent your vacation home for less than 15 days during a year, there’s a special tax break. Here are the rules for vacation rentals.
How IRS auditors learn about your business industry
October 9, 2023
IRS examiners use publications called Audit Techniques Guides to prepare for audits in certain industries and those with various issues. You can read the publications too. Here’s how.
What employers should know about qualified retirement plan audits
October 6, 2023
Employers: Has your qualified retirement plan been properly audited recently? Here’s why this process is so important.
Employers: Mind the risks of at-will employment
October 5, 2023
Nowadays, most employees are hired under an at-will employment agreement. If your organization follows this doctrine, be sure everyone knows the rules and is aware of the exceptions.
Casualty loss tax deductions may help disaster victims in certain cases
October 4, 2023
Through 2025, the rules for deducting personal casualty losses on a tax return changed from what they were before 2018. However, you may still be able to claim a deduction if an event qualifies as a federally declared disaster.
