The IRS Criminal Investigation Division Releases Its Annual Report for 2017

The purpose of the IRS Criminal Investigation (IRS CI) Division is to investigate criminal violations of the Internal Revenue Code and other related financial crimes to ensure compliance with the law and public confidence in our tax system. Every year, the IRS CI releases an annual report of the agency’s...

Maximize The Tax Benefit Of Charitable Donations Through “Bunching”

Congress may have intended to simplify tax filings by doubling the standard deduction to $12,000 (single) and $24,000 (married filing jointly), but for individuals who itemize and deduct their charitable contributions, the new tax law has made matters a bit more complicated. According to the IRS, a total of 36,624,000...

Los Angeles Business Owner Charged With Income and Payroll Tax Fraud

A successful Los Angeles businessman seems to have missed the part about paying his taxes. Following a cooperative investigation by the U.S. Department of Justice, California Franchise Tax Board (FTB), and California Employment Development Department (EDD) – and facilitated by the Tax Recovery and Criminal Enforcement (TRaCE) Task Force –...

Using Software For Your Mileage Logs And Other Business Expenses

Keeping track of mileage and business expenses for tax purposes can be a hassle for any self-employed person. Fortunately, there are a number of mobile apps that can help you gather and store your business receipts, and can simplify production of records required for tax preparation. Why use an app?...