Dodging Tax Penalties: The IRS Form 8275 Explained
Are you considering a bold tax position that may significantly reduce your taxes? If approved by the IRS, it’s a win. But if disapproved, be prepared to face a considerable tax penalty. The IRS imposes a 20 percent penalty for substantial tax underpayment. For instance, if the IRS finds you underpaid your taxes by $50,000, […]
Are you struggling to keep your business finances in order?
Mastering QuickBooks: Financial Health Check Practices Starting new ones should be easier than breaking old, established ones. And when it comes to your knowledge about your company’s financial health, it’s good to develop practices that you eventually do without even thinking about them. Open the Income Tracker. This is the best way to get a […]