C. Wallis

IRS Addresses Prohibited Transactions In ROBS Transactions In recent years, the Internal Revenue Service has been closely examining transactions in which taxpayers use tax-deferred retirement funds to fund business start-ups.  These transactions are ominously referred to as Roll Over Business Startup (ROBS) transactions by the IRS.  These transactions have been aggressively marketed by promoters as

The Feds Play Batman: IRS Criminal Investigations Releases Their 2012 Annual Business Report In an era of increasing federal and state taxation, an increasing number of business taxpayers are tempted to minimize their taxes by intentionally underreporting their revenues and profits.  These business owners often assume that if the IRS discovers their schemes, they will