1. IRS Audits for Cash Intensive Businesses: Part 1 – Minimum Income Probes

    What does an IRS Revenue Agent look for when auditing a cash-intensive business? The short answer is this: correct gross receipts and reasonable accuracy of deducted expenses. But this article focuses more specifically on how IRS examines for unreported cash. You will want to understand that the IRS tax audit process is not set in stone, even though it follows a general path each time. A number of…Read More

  2. Intimidation, Secret Income and Nasty Divorces

    This is an unbelievable, yet true story. We counseled a man that was desperate for help in his divorce. He was afraid that his wife had the unfair advantage in the proceeding, and that she had become hostile and unyielding during the case. So he wanted to level the playing field. This is what the man asked: “Write me a letter, to give to my wife. Tell her that unless she cooperates with me in th…Read More

  3. I’m Going to Tell the IRS About His Money!

    A potential new client called. “I have this divorce case. I need a tax lawyer to send IRS a letter. I think my husband has been hiding income and investments. I don’t want to get burned when they find out about it all! He’s been hiding income for years, and now he’s hiding it from me.” She expected to hurt him by causing increased tax liability, and possibly a criminal tax investigation.…Read More