Naomi Levenspil
CPA
More From This Author
Tax preparation tips for small businesses
You aren't alone if you don't look forward to filing taxes, but tax season doesn't have to be a nightmare. Advance planning and solid organization…
How far back can a business be audited by the IRS?
Everybody dreads an IRS audit. Generally, you can stop worrying about an audit after three years, but sometimes the IRS can audit up to six years…
What are the codes in Form W2 Box 12?
Form W-2 can appear overwhelming, particularly Box 12 with its long list of technical codes. As an employer, it is up to you to furnish accurate…
Where's my refund?
Although nobody likes filing taxes, a refund is cause for celebration. Most people receive their refund within three weeks- provided that they know…
What tax return does a business need to file?
Every business entity must report its income to the IRS, but it's not that simple. Which business return does your particular business need to file,…
How to claim the home-office deduction
Working from home offers many attractive perks in terms of flexibility and convenience. Make sure that you also maximize your home office from a tax…
How to prepare for an IRS business tax audit
Being chosen for an IRS is audit is one lottery that nobody wants to win. The unavoidable fact is that certain triggers increase your odds;…
Why tax avoidance is perfectly legal
Tax avoidance is the use of legal methods to reduce the amount of tax owed. Who wouldn't want that?
What to do if your business is audited
Help! Your business is under audit. The word 'audit' tends to trigger panic among business owners but be prepared and stay calm. It's likely not as…
How to pay estimated tax payments online
Filing and paying estimated tax payments by quarterly deadlines can save you from expensive penalties at year-end.