Claiming deductions for business meals or auto expenses? Expect the IRS to closely review them. Tax auditors root out inconsistencies, omissions, and errors.

Only deal with income taxes once a year with your tax return? If the answer is yes, we bet you have questions related to tax terminology.

There’s a tax advantage to taking money out of a C corp as compensation rather than dividends. But, only reasonable compensation can be deducted.

One way to attract, retain and motivate employees is to provide education benefits. An employee can receive up to $5,250/year under this type of program.