USTaxAid Services

The federal deficit is growing and the government is looking for ways to balance it.  There is one thing that’s been effective lately – IRS audits.  The IRS audit teams have been successful at raising money and that means the number of audits is increasing. The target for 2007 was real estate investors with losses. ...

Tax laws for 2009 are already changing and that means you need to be careful how you file your 2008 tax return. Should you take income in 2008 or 2009?  Should you claim an expense now or wait a year?  Nothing is certain this year! Plus, the IRS is on a heightened attack against taxpayers. ...

The IRS is gearing up for the next onslaught of audit attacks.  This time they’re after Sole Proprietorships aka Schedule C filers.  Remember if you have a Single Member LLC and have NOT elected how to be taxed for your business, you’re going to default right into the Sole Proprietorship category. Based on the number ...

In the past few weeks, my husband Richard has had a few people inquire if we can guarantee that tax savings.  I understand the question.  Let’s say you are currently pretty satisfied that you have a good CPA.  There might be times when you feel like you have to remind him of things and maybe ...

The IRS is cracking down on tax preparers that commit fraud.  And if you’re one of the people unlucky enough to get pulled into the claims that seem to be “too good to be true”, you’re asking for an audit. In the past few months, the IRS has seized client lists for tax preparers who: ...

The IRS has created a handful of new audit guides creating unbelievably difficult audits for taxpayers. One of our TaxLoopholes Community members wrote in to say that the IRS audit team checked every single receipt for the entire year. The new IRS Survival Guide for Real Estate Professionals with Real Estate Investors, offered for sale ...

When I go back and look at the business structures I was recommending 5+ years ago, I shudder. The rules have changed and people are more litigious then ever before. That means the type of structure you need to use has changed as well. I remember it used to be that the biggest risk to ...

When I go back and look at the business structures I was recommending 5+ years ago, I shudder.  The rules have changed and people are more litigious then ever before.  That means the type of structure you need to use has changed as well.  I remember it used to be that the biggest risk to ...

The IRS has a new report due out December 2008 that announces their new audit targets: Sole Proprietorships and capital gains calculations. Sign up for our free enewsletter to make sure you’re prepared for an IRS audit. Order the three free special reports above and you’ll be automatically registered to get the latest in tax ...

We are in one of the most volatile tax times ever. More tax provisions are expiring than ever before in the history of the US. States are broke and are finding new, aggressive ways to tax anyone who buys there, sells there, travels there or even looks sideways at them. The IRS is on the ...