by admin | Sep 11, 2026 | The Audit
If you don’t receive a W-2 or 1099, is this a defense to protect yourself from not reporting the income during an audit? In short, the answer is no. And new this year, you will only receive a 1099-NEC if your payments received from a customer or client total $2,000 or...
by admin | Jul 3, 2026 | The Audit
Your guide to post tax-filing record retention Tax season is over and your focus is on enjoying the summer. But before you close that tax file, make a final review to ensure you records are accessible should you ever need them. This is especially important. If the IRS...
by admin | Jun 26, 2026 | The Audit
Is it always a good idea to amend your tax return if you find an error? Here’s a tip that is worth reviewing each year as adjustments to your income tax return may become apparent. This is often common with the advent of changing tax rules and as the IRS...
by admin | May 29, 2026 | The Audit
Each year, the IRS audits over 1 million tax returns. With agency resources shrinking, the IRS is more selective when choosing which tax returns to audit. Knowing what the IRS is looking for can help you understand and reduce your audit risk. Here are five of the...
by admin | May 1, 2026 | The Audit
What to do about your need for documentation Prior to finalizing the filing of your tax return is a good time to ensure you have proper documentation to substantiate your tax deductions. This is important as many banks start deleting online documentation that is more...
by admin | Jan 30, 2026 | The Audit
What you need to know If you have problems getting to sleep at night and you turn to the IRS tax code for help, you might find some vocabulary that is very foreign to words you use every day. One of the more common words used by the IRS is the term contemporaneous. So...
