Any time a business receives payments regularly in cash, the business can be a target of an IRS audit. It is tempting for many business owners to forego reporting cash receipts, not realizing the many ways the IRS and Department of Justice Tax Division can catch up...
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Month: March 2021
Unemployment Benefit Fraud – What To Do
While the state and federal law enforcement agencies aggressively target those committing fraud for COVID-19 relief payments and unemployment compensation claims, be aware that if someone has filed a claim using your social security information, you will receive Form...
IRS Going Strong
During his February 17, 2021 virtual "Fireside Chat," IRS Commissioner, Charles Rettig discussed the state of the IRS after nearly a year of many changes due to COVID-19. Not only was the IRS granted the task of issuing millions of Economic Impact Payments while all...
