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

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...

15-Year Recovery Period for Qualified ImprovementsThe Tax Bill signed December 17, 2010 extends the 15-year recovery period through 2010 and 2011 for:Qualified leasehold improvementsQualified restaurant improvements, andQualified retail improvements.The 15-year recovery period previously expired at the end of 2009. The extension applies to 2010 as...