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The Home Office Deduction

Entrepreneurs are the new pioneers. They are creative, intrepid and fast-moving. Most businesses in the United States are small businesses, and the self-employed entrepreneur is the new normal in our economy. It is not surprising, then, that more and more business...

Want to Avoid an IRS Audit?

An IRS audit has to be one of the most stressful experiences that someone can have. Do you have problems just finding records from a year or two ago? Just wait until the IRS comes knocking and asks for all your relevant records from several years in the past. The good...

New IRS Form 1023-EZ

There’s a new Form 1023-EZ that small non-profit organizations can file online to apply for tax-exempt status. In order to qualify to use Form 1023-EZ, the organization must have annual gross receipts that do not exceed $50,000 and assets that do not exceed...

Government Shutdown Slows Down IRS Activities

What impact has the federal government shutdown that went into effect at midnight on October 1 had so far on the IRS? It has been reported that less than 10% of IRS employees are on the job at present due to the shutdown, and those that are working are for the most...

Good News–IRS Audits Decrease in 2012

As April 15 rapidly approaches, harried American taxpayers need some bit of good news, so I am glad to be the messenger of good tidings–even before expected budget cuts attributable to the recent sequester, the number of IRS audits that individual taxpayers were...