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Archive by Month: August 2016

IRS Audits: Know What’s Fact and What’s Fiction

Posted in News on August 31, 2016

No one ever wants to be audited. If you do find yourself in a position where the IRS is asking questions about your past returns or your company, you need to call a Maryland tax attorney right away. A tax professional will know how to respond to the IRS with the goal of minimizing or avoiding any possible penalties that could result from a finding that back taxes are owed. 

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Business Audits: The Techniques Used by the IRS

Posted in News on August 26, 2016

Many small businesses find themselves facing audits by the Internal Revenue Service. The IRS pursues small businesses because these companies often deal in cash and the taxing authorities want to make certain all income is being reported. The IRS also wants to ensure that small companies are in full compliance with the myriad of taxing regulations addressing everything from withholding of payroll taxes to submitting required quarterly tax payments.

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