Zachary J. Hall

8 Red Flags that Could Trigger an IRS Audit

Keeping up with ever-evolving tax laws can be challenging for individuals and small business owners. Because the IRS continuously refines its systems for detecting errors and inconsistencies, it's important to understand potential audit triggers—and how to avoid them. While most taxpayers won't face an audit, certain red flags can increase the likelihood of one. Below are eight areas that may draw the IRS's attention.

Refresher on First-Year Section 179 Depreciation Deductions

Internal Revenue Code Section 179 potentially allows significant first-year depreciation deductions...

Company Holiday Parties: Celebrate the Tax Breaks

Are the costs of holiday parties tax deductible? Despite a recent crackdown on business...

Decoding Your Taxes: A Glossary of Tax Terms You May Need to Know

Navigating the maze of federal taxes can be daunting. Many tax terms are confusing, whether you're...

Possible Expiration of Key TCJA Provisions Could Affect Individual Taxpayers

The Tax Cuts and Jobs Act (TCJA) made sweeping changes to the federal tax rules for individual...