Taxesq - IRS Audit and Business Tax Estate Attorney Cherry Hill NJ

US Tax Court - Interesting and DifferentMost people have not heard of the US Tax Court. It was founded in 1969 and is the only Court that will hear tax case prior to payment of tax. It has strict rules - you must file within...

Engineers Going to Jail - Not Paying Employment TaxesIn U.S. v. DeMuro  the Federal 3rd Circuit Court of Appeals upheld the conviction of husband and wife engineers for the failure to pay employment taxes. The business owners failed to pay $500k in taxes and penalties...

New Tax changes hurts rental real estateFor tax years beginning after Dec. 31, 2012, a 3.8%   Medicare tax will be charged on net investment income. This applies to individuals with modified adjusted gross income in excess of $200,000 ($250,000 in the case of married persons filing jointly)....

Watch Out for the Big Advertisers for Tax MattersThey usually advertise on Cable Stations such as Sports and Home Shows. "If you owe more than $10,000 in taxes we can help." Or they inundate you with letters and calls after a Federal Tax Lien is...

Government Forcing Small Business to convert independent contractors to employeesThe federal government is doing everything possible to convert true independent contractors and independent business owners into employees. Because there are significant tax and business advantages to both the small business and independent contractors to avoiding...

General Results:Business Owners face a 4.5% chance of auditMore audits are detailed audits with Revenue Agents rather than correspondence AuditsAlmost 1/3 of Individual Returns Audited were for the Earned Income Tax CreditIRS has issued its annual data book, which provides statistical data on its...