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Alternative Information Sources in Divorce

FraudFiles

Everyone knows about the typical sources of financial information in divorces. Income tax returns, bank statements and related documents, brokerage statements, credit card statements, and business financial statements are some of the most common. …

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Analyzing Business Tax Returns in Divorce Cases

FraudFiles

Tax returns can be one of the most important pieces of information a forensic accountant evaluates in a divorce case. Of course, there are other very important financial documents, but income tax returns provide summary information about of lot of financial issues, including income, expenses, and assets.

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Understanding IRS Letter 725-B: Notice of Appointment to a Field Revenue Officer for Investigation

MyIRSRelief

This letter is part of the IRS’s efforts to ensure compliance with tax laws, address back taxes and to resolve outstanding tax issues. The IRS Letter 725-B is sent to taxpayers to inform them that an RO – revenue officer will be handling their case. What is IRS Letter 725-B?

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IRS Opens 2025 Tax Compliance Program for Corporations

CPA Practice

31, and the IRS will inform applicants if they’re accepted into the program in February 2025. Launched in 2005, CAP helps large corporations improve federal tax compliance. Resolve issues before filing tax returns and comply with federal tax laws. Ensure accurate tax returns, shortening the IRS audit process.

Tax 105
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Reliance on Interim Financials in SBA Business Valuations

Withum

A common challenge when completing a business valuation for SBA 7(a) purposes is how much reliance should be given to the seller’s interim financial statements. Generally, an SBA lender will provide an appraiser with three years of business tax returns and interim financial statements as of the current calendar year.

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IRS Offers Resources and Advice During National Small Business Week

CPA Practice

The Internal Revenue Service is offering tax-related information to entrepreneurs in anticipation of the upcoming kick-off of National Small Business Week. Tax topics during the week will include: Monday, April 29. Small business owners must implement data protection safeguards and always be on the lookout for tax-related scams.

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Checklist for Small Business Startups

SMBAccountant

It will also have tax implications and different regulatory compliances the business will have to follow. Please be sure to consult your lawyer for information regarding your company’s legal structure (Yes, having a lawyer should be on your checklist). Establish a system for collecting and remitting sales tax if required.