Most of us will never be audited. But when it does happen, it might feel a little scary. The truth of the matter is IRS auditors do audits every day. They know what to look for and can ask questions that you may easily answer incorrectly. Here's how you can be more prepared if it…Read more
When it comes to taking qualified deductions on your federal tax return, three things must happen: Recognize that an expense might be deductible on your tax return. Keep a record of the expense in an organized fashion. ï Obtain the proper (and timely) documentation to support your deduction. This might be obvious to most people,…Read more
A Business Valuation will help you sell your company Well before you're ready to sell your company, you'll want to determine its fair market value as a starting point for negotiations. Of course, obtaining a reasonably precise value for your business is often a complicated and time-consuming task. Accurate appraisals must weigh a variety of…Read more
See the September tax and financial deadlines and read related news articles in the Online Advisor posted each month from Urbielewicz Murphree CPAs Albuquerque.