IRS Audit

Haven’t Filed Past Returns? IRS May File One for You and It Won’t Be Pretty

Leave a Comment / Bookkeeping, IRS, IRS Audit, Local Business, Tax Planning, Tax Preparation, Taxes /

There are millions of individuals who do not file a tax return each year, many of them simply because their income is below the filing threshold levels for the year based upon their filing status. Still others simply procrastinate and risk forfeiting their rightful refunds, including earned income tax credits, child tax credits, tuition credits […]

Haven’t Filed Past Returns? IRS May File One for You and It Won’t Be Pretty Read More »

Get Started Today

Your Experienced Business & Tax Accountant

SCHEDULE A CONSULTATION

What to do if you get an IRS Letter

Leave a Comment / IRS Audit /

Each year, the IRS mails millions of notices and letters to taxpayers for a variety of reasons. If you receive correspondence from the IRS here’s what to do: Don’t panic. You can usually deal with a notice simply by responding to it. Most IRS notices are about federal tax returns or tax accounts. Each notice

What to do if you get an IRS Letter Read More »

Get Started Today

Your Experienced Business & Tax Accountant

SCHEDULE A CONSULTATION

What are your Chances of an IRS Audit?

Leave a Comment / IRS Audit, Taxes /

During tax season, one of the biggest worries taxpayers have is being audited. The idea of having your return singled out for extra scrutiny strikes fear into many. As an accounting firm, our job is not to help our clients avoid an audit, but rather to ensure that the return will stand up to IRS

What are your Chances of an IRS Audit? Read More »

Get Started Today

Your Experienced Business & Tax Accountant

SCHEDULE A CONSULTATION

EIN: Three Letters You Need to Know

Leave a Comment / IRS, IRS Audit /

If you are operating any kind of business with employees, you will need to apply for a federal Employer Identification Number (EIN). If you are not planning on hiring direct employees within the next 12 months, you may still be required to apply for an EIN depending on the type of entity you form. Even

EIN: Three Letters You Need to Know Read More »

Get Started Today

Your Experienced Business & Tax Accountant

SCHEDULE A CONSULTATION

IRS Clarifies Rules on Virtual Currency Trading

Leave a Comment / IRS, IRS Audit /

In the wake of the Bitcoin craze, the IRS has released some clarifications for its rules surrounding virtual currencies. If you are someone that engages in Bitcoin “mining” or any other form of virtual currency trading, it is important to understand how the federal government views your transactions from a tax standpoint. Virtual Currencies NOT

IRS Clarifies Rules on Virtual Currency Trading Read More »

Get Started Today

Your Experienced Business & Tax Accountant

SCHEDULE A CONSULTATION

What Does It Mean to Take the S Corp Election for Your Company?

Leave a Comment / IRS, IRS Audit /

When a new business decides to incorporate, there are some things to decide early in the process. One of the issues companies need to consider is whether or not to file their entity as an S Corporation as opposed to a standard C Corporation. S Corporation Requirements: Before considering this option, it is important to

What Does It Mean to Take the S Corp Election for Your Company? Read More »

Get Started Today

Your Experienced Business & Tax Accountant

SCHEDULE A CONSULTATION

How Small Business Owners Can Avoid an IRS Audit

Leave a Comment / IRS Audit /

If there is a fear business owners have over most others, it is an audit from Uncle Sam. Small businesses are highly susceptible to an IRS audit because of the extensive itemization of the returns they typically file. To avoid an IRS audit, a business needs to structure their tax paying and filing activity in

How Small Business Owners Can Avoid an IRS Audit Read More »

Get Started Today

Your Experienced Business & Tax Accountant

SCHEDULE A CONSULTATION

How Small Business Owners Can Avoid an IRS Audit

Leave a Comment / IRS, IRS Audit /

If there is a fear business owners have over most others, it is an audit from Uncle Sam. Small businesses are highly susceptible to an IRS audit because of the extensive itemization of the returns they typically file. To avoid an IRS audit, a business needs to structure their tax paying and filing activity in

How Small Business Owners Can Avoid an IRS Audit Read More »

Get Started Today

Your Experienced Business & Tax Accountant

SCHEDULE A CONSULTATION
Facebook Linkedin Instagram Youtube Google-plus
Quick Links
Site Links
Stay Tuned With Us

BASC Expertise

3303 E Baseline Rd, Suite 107 Gilbert, AZ 85234

info@bascexpertise.com

(480) 355-1398

All rights Reserved
Scroll to Top