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

Question:My accountant recommends an "S" Corporation rather than a LLC becasue LLC's are taxed as partnerships and that is more complex. What do you think?Answer:The LLC offers more flexibility than an S corp. Remember only qualified persons can hold S stockwhereas anyone or any entity...

Your company's seniority system ordinarily takes precedence over accommodating the needs of disabled employees, according to a Supreme Court ruling.The case involved Robert Barnett, a baggage handler for US Airways in San Francisco who injured his back on the job. Barnett wanted a job in...

The IRS announced today that it is increasing audits. Even though a taxpayer reporting an income of $100,000 or more only has a 2% chance of a full audit, the IRS is agressively using computer record matching to do "mini-audit" type tax adjustment letters.Some...