Tax issues are one of the most complicated subjects to deal with. Thus, it can be concerning when the Internal Revenue Service (IRS) wants to audit you. Here is what you should do after the IRS notifies you of an audit. Understand the reason for the audit The IRS can...
Working The Puzzle From All The Angles
Month: March 2023
Take note: Tax Day is less than a month away
On Behalf of Demetrius J. Karos, Ltd. | Mar 25, 2023 | IRS
The most straightforward ways to avoid tax-related controversy and accusations of tax evasion involve having your taxes prepared by a knowledgeable professional and filing your return on time. Of course, this is certainly easier said than done. Even when a...
Are you required to claim ownership of digital assets to the IRS?
On Behalf of Demetrius J. Karos, Ltd. | Mar 6, 2023 | IRS
Accounting for digital assets or income on a tax return is still new to the Internal Revenue Service (IRS). The current laws regarding digital property with material value are somewhat lax, but you must still report these assets to the IRS. Taxpayers must answer a...