Demetrius J. Karos, Ltd. Tax Representation From A Former IRS Employee

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August 2018 Archives

Some statistics on federal income tax audits

A previous post on this blog talked about how likely it is for a resident of the greater Chicago area to face an IRS tax audit. The likelihood of an IRS audit depends heavily on how much money a person makes, and it can also depend on a number of other factors that the IRS generally keeps tight-lipped about.

What are my chances of facing an IRS audit?

As this blog has reported on previous occasions, several people and businesses in the greater Chicago area are going to face a tax audit from the IRS in the upcoming weeks and months, assuming they have not done so already. It may leave an Illinois resident wondering what their chances of getting audited really are.

Various types of business taxes

Owning a business can be a satisfying experience. You may have had many goals throughout your life all leading up to the owning and operating of your company that you recently started. While you may have considered various aspects of the business from start-up costs to employment contracts, you also need to make sure you understand the tax implications.

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