Tax Security Tip: Get An IP PIN To Help Stop Indentity Thieves

The IRS and its Security Summit partners recently kicked off their annual summer campaign. This year’s theme, Boost Security Immunity: Fight Against Identity Theft, urges tax pros to step up their efforts to protect client data. An IP PIN is a valuable tool that can help in this
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Red Flags That Raise Your Risk for an IRS Audit

Why are some tax returns singled out by the IRS and mostly all of the others ignored? Being underfunded and understaffed, the IRS only audited 0.86% of all individual returns in 2014 and 0.84% in 2015. The chances you will be audited are pretty slim. The only reason to worry is if you
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S Corporation Shareholder Salaries: Keep Them Reasonable

Owners of S corporations who are employed by their companies should make sure their firms pay them reasonable salaries. Although S corporation income also can be paid out in the form of cash distributions to shareholders, the IRS is on the watch for companies who pay shareholder-emplo
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