What You Need to Know About the IRS and Tax Audits

What You Need to Know About the IRS and Tax Audits

Tax audits involve complexities as well as overwhelming stress and emotions. Even highly capable people find themselves feeling defenseless and intimidated.
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Possible Tax Consequences of Guaranteeing a Loan to Your Corporation

Possible Tax Consequences of Guaranteeing a Loan to Your Corporation

If your corporation defaults on a loan that you guarantee, you don’t want to be blindsided by the tax implications. Here is what you need to know.
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Tax Strategizing Now May Be Wise as New Tax Proposals Loom

Tax Strategizing Now May Be Wise as New Tax Proposals Loom

Fiducial has a list of potential tax strategies that may benefit you. Every taxpayer’s situation is unique; not all of these strategies will apply to you.
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Surviving a Business Audit with Audit Techniques Guides (ATGs)

Surviving a Business Audit with Audit Techniques Guides (ATGs)

To prepare for a business audit, the IRS researches the industry & issues on the taxpayer’s return. Examiners may use IRS “Audit Techniques Guides (ATGs).”
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The IRS Backlog Is Causing Taxpayer Heartburn

The IRS Backlog Is Causing Taxpayer Heartburn

COVID-19 brought about a perfect storm of delays for the IRS. It has been a rough couple of years, and it is taking a long time for them to catch up.
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Small Businesses: Here's How the U.S. Wayfair Decision Affects You if You Do Business Out of State

Small Businesses: Here's How the U.S. Wayfair Decision Affects You if You Do Business Out of State

Do you do a significant amount of business in states other than where you have a physical presence? Then you should know about the Wayfair decision.
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Should You Opt Out of the Advance Child Tax Credit?

Should You Opt Out of the Advance Child Tax Credit?

Have children under the age of 18? By now, you likely have received your first advance child tax credit payment, either by check or by direct deposit.
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The Tax Implications if Your Business Engages in Environmental Cleanup

The Tax Implications if Your Business Engages in Environmental Cleanup

If your company faces the need to “remediate” or clean up environmental contamination, take a breath—all is not lost! Unexpected expenses are always worrisome, but there are ways to mitigate those losses.
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