Every year the Small Business and Entrepreneurship Council releases a list that ranks each state based on the friendliness of its tax system to small businesses. This year, Texas was ranked number one and our very own California came in dead last.
Everyone wants to lower the amount of taxes they are required to pay in a year and get that maximum refund in the spring. With filing season upon us, you may be thinking of ways to get the most bang for your buck this year - while avoiding the dreaded IRS audit.
A few former employees of a company prepared a 32-page document for the Internal Revenue Service alleging that their former employer, Alliantgroup LP, helped its clients avoid taxes through false classification of salaries and other expenses under the tax deductible category of research.