CERTIFIED PUBLIC ACCOUNTANT
Millions of Americans owe taxes to the IRS, which can come at a huge cost. Penalties and interest add up quickly, leaving many in a hole that is difficult to climb out of. The IRS is dedicated to collecting their rightfully owed funds, which means that there are ever-growing consequences... Continue reading →
The internet and a declining economy have let many Americans in do it yourself fever. After all, why pay someone to do what you can easily handle yourself with a simple google? However, there is one issue that all CPAs should reinforce with their clients: even the IRS says that... Continue reading →
Many audits are caused by simple oversights and accidents. While people who make these mistakes face fines and penalties, they almost never end up in jail. However, it is not quite the same for people who are intentionally hiding assets from the IRS. In fact, a businessman and his accountant... Continue reading →
Do you ever feel like the world is changing too quickly to keep up? If so, imagine how the IRS feels! The ways that people earn a living have become increasingly complicated, making it difficult to determine how to tax these different income streams. In addition, these changes can make... Continue reading →
An increasing number of accounting clients are using bitcoin and other virtual currencies as a means of investing and diversifying their assets. Many people fall for the common misconception that virtual currencies and profits from these currencies are somehow exempt from taxes. A lot of this stems from the fact... Continue reading →
