New Income Tax Form Needed for S-Corps, Says AICPA
(CPA Practice Advisor) - The American Institute of CPAs has recommended to the U.S. Department of the Treasury and the Internal Revenue Service (IRS) that a new income tax form be developed in order to improve S corporation shareholder compliance with the basis rules under subchapter S.
10 Ways To (Mostly) Avoid A Tax Audit
(Forbes) - No one can promise you that you will never be audited. That's because while most tax audits are targeted (more on that in a moment), a percentage - granted, a tiny percentage - of audits are random.
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