The IRS has limited resources. IRS management doesn’t want to spend $10,000 of their employees’ time to get $2,000 of additional tax.  Their performance is monitored by the Treasury Inspector General for Tax Administration and the IRS Oversight Board, and their budget must be approved by Congress. Since the IRS has to show positive results...Read More

“HELP! I just received a notice that I’m being audited by the IRS!” Getting an IRS audit notice is usually not just annoying. For most people, it’s scary enough to make the top of their worry list. There are things you can do to minimize the impact of an IRS audit so that it’s just...Read More

There have been numerous studies of small business failure rates resulting in almost as many different conclusions. I’ve seen figures as high as 50% within the first year and 95% within the first five years. Some of the studies counted such indicators as abandoned assumed names as failures. But there are many reasons for abandoning...Read More