Featured
So how much is the late fee?
So you forgot to file and wondering about the late fees. Well it depends on a few things. First is …
Featured
Surviving the IRS with Richard Hatch
A federal judge sentenced Richard Hatch to 51 months in prison for evading income taxes. A jury found him guilty …
Featured
Nicholas Cage and the IRS
Nicholas Cage has made some great movies and questionable business choices. He found himself owing the IRS around 14 million …
Featured
Update to Meals and Entertainment Deduction
Starting January 1, 2023 the meals and entertainment expenses are returning to the pre-covid amounts. Most client meetings are going …
Featured
Tax fraud case involving Heidi Fleiss
Heidi Fleiss is estimated to have made $1.5million for leading a Los Angeles prostitution ring that pandered to Hollywood’s stars. …
Featured
How to deduct mileage for business
Proper mileage tracking is important incase of an IRS audit. Mileage can be tracked using a simple excel spreadsheet or …
Featured
Mob Boss Al Capone Went To Jail Over Taxes
Mob Boss Al Capone was a known high spender and spent thousands on cloths, food and betting. He also did …
Featured
Starting tomorrow we will have Busted Celeb Posts on Fridays.
The busted posts will be about Celebs who found themselves in trouble with the IRS. Just a hand full of …
Change Your Financial Year End
A businesses may change their fiscal year end to better align with their operations. For instance a beach business would …