You have probably heard that a tax return can be changed (amended) if there is a benefit to do so. Many taxpayers believe, however, that this could raise a red flag with the Internal Revenue Service (IRS). And, of course, no one wants to get on their bad side. In this article, we will discuss how to safely amend a tax return. [Read more…]How to Safely Amend a Tax Return According to the IRS
You have probably heard that a tax return can be changed (amended) if there is a benefit to do so. Many taxpayers believe, however, that this could raise a red flag with the Internal Revenue Service (IRS). And, of course, no one wants to get on their bad side. In this article, we will discuss how to safely amend a tax return. [Read more…]
There is (and always has been) a sort of frenzy about getting a tax refund. The discussion almost always revolves around the refunds individuals look forward to and get after filing their tax return on April 15. But what about small businesses? Can they get a refund the same way individuals can? 
The owner of a new small business has many things to think about. Is there enough money in the bank? Where will the customers come from? And so on. One of the most important items a small business owner needs to address, especially a new one, is making sure that taxes are taken care of. Failure to comply with all the rules and regulations can be just as devastating as running out of money—and that may very well be the reason a business runs out of money. That’s why an experienced 
Each year, small businesses in Las Vegas look to lower the tax burdens. Sole proprietors, C or S Corporations, Partnership, and Limited Liability Companies (LLC) all use tax deductions to offset the costs of doing business. The goal is to find the best tax deduction to reduce the liability while providing a benefit for the business. Making a tax mistake as a business owner can be costly. It’s a good idea to meet with a 