IRS Archives - BeachFleischman CPAs

The easiest way to survive an IRS audit is to get ready in advance

Getting a letter from the IRS that your tax return is being audited may strike fear into the hearts of business owners. But the more you know about IRS audits, the better you can fare.

Good records are the key to tax deductions and trouble-free IRS audits

June 16, 2020 November 6, 2020 Tax Department Tax Bites business records, IRS, IRS audits

A meticulous approach to keeping business records can protect your tax deductions and help make an audit much less painful.

IRS releases 2021 amounts for Health Savings Accounts

May 27, 2020 October 22, 2020 Tax Department Tax Bites contribution limits, HDCP, HSA, IRS

There are many advantages to Health Savings Accounts (HSAs). Here are a few of them, along with the HSA inflation-adjusted amounts for the 2021 calendar year.

The chances of IRS audit are down but you should still be prepared

May 29, 2019 February 22, 2021 Tax Department Tax Bites audit, IRS, IRS audits, statistics

The IRS just released its audit statistics for the 2018 fiscal year, and fewer taxpayers had their returns examined as compared with prior years. However, even though a small percentage of tax returns are being chosen for audit these days, that will be little consolation if yours is one of them. Latest statistics Overall, just[ … ]