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Archive For: Taxes

Tax Matters

Higher tax rates possible for 2013  I expect higher tax rates in 2013 when the 2001 and 2003 tax laws expire at the end of this year. Of course, Congress may vote to extend the current tax laws, or may vote to continue them for only one more year, or even make ... Read More

Will the IRS audit you?

It’s the start of tax season and here’s some fun facts. In case you were wondering, according to IRS records, these are the odds you’ll be audited: Earnings                           Audit Risk Under $200,000                1% $200,000 — $1million       2.7% Over $1 million                   8.4% Solopreneurs have a 2.6% chance of an audit and ... Read More