There are a number of ways the federal government can get its hands on money it believes it is owed. For instance, there is the Treasury Offset Program (TOP), which can keep your federal tax refund to repay federal non-tax debts. TOP can also keep...

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No one wants to be the subject of a tax evasion investigation. Being accused of tax evasion can lead to significant fees and penalties. Even worse, however, it can lead to criminal tax evasion charges, which may result in jail time.

Unfortunately, a...

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When money flows out of Spigot A of an S corporation, it's subject to employment taxes. When money flows out of Spigot B of an S corporation, it's not subject to those taxes. Unsurprisingly, many S corporation owners structure things so that more...
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It seems like just yesterday that your pulse was pounding, your heart hammering and your eyes popping as you put your federal tax return into the mail, or hit "Submit." OK, maybe April 15th wasn't quite that dramatic for you, but it is hardly...

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Even the smartest, shrewdest, most successful Cleveland business owners make mistakes. Most of them will tell you that part of the reason they are successful is that they learn from their mistakes and develop better ways approaching problems and...

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The way this headline set off alarms among angry U.S. taxpayers, it might as well have been written in fire. "Report: 1,580 IRS workers evaded taxes over 10-year period." That's what the Associated Press stated, setting tempers ablaze across the...

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The words "IRS audit" can strike fear into just about anyone and result in a long, painful and difficult journey into your financial past or your company's financial transactions and reporting.
Perhaps some of the few bright spots in news of audits... Read More

About an hour's drive straight south of Columbus, you will come to Chillicothe... Ohio's first capital. It's the home of the Majestic -- "America’s oldest continuously operating theater," its owner's claim -- which has hosted performances by Laurel...

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Around the country, the stories are much the same: taxpayers with questions, problems, and in need of help from the IRS find themselves standing in line. And standing some more. And then standing a lot longer before they get the assistance they seek.
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In our last blog post, we discussed some of the reasons that may increase the likelihood that an individual will receive a notice from the Internal Revenue Service that he or she is being audited. Dreaded by all U.S. citizens, the audit process...

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