Avoid the TurboTax Trap: IRS Audits Surge as DIY Mistakes Pile Up
DIY Tax Filing Could Cost You—Here’s How IRS Audits and Court Cases Are Proving It In the age of Amazon, YouTube tutorials, and unlimited internet access, it feels like you can do anything. When was the last time you hopped on WebMD to try and diagnose yourself? Or searched for a quick fix to a […]
How to Avoid Capital Gains Tax in California: 1031 Exchanges, Section 121 Exclusions, and IRS Rules Explained
Keeping Your Gains In the financial world, capital refers to the things you own that have value. When you sell those things, you either make more than the original cost, sell for less than the original cost, or, in rare instances, break even. This is a painfully simple explanation of the concept of a capital […]
How to Avoid a Tax Audit: 4 Expense Habits That Can Protect Your Business
Getting audited is never ideal. Even if your records are clean, having the IRS examine your financials under a microscope is stressful and time-consuming. That’s why it’s worth taking a few simple steps to avoid audit triggers in the first place. While there’s no guaranteed way to stay off the IRS’s radar, there are clear […]
