Are you about to get audited by the IRS? Have you ever wondered why some tax returns are audited, while others aren’t?

The IRS doesn’t have enough personnel or resources to examine every tax return, so they rely on a variety of systems to target the returns that will generate the most revenue per hour for an auditor’s time.

Here are a few common miscues that may get you audited:

Miscue #1: Your Tax Return Doesn’t Match Reports Sent to the IRS

The number one reason you may be called into an audit is because the amounts reported on your tax return do not match with the information the IRS receives. Not only must the amount match, but it must … Read more →

Are you tired of the daily, weekly, monthly struggle to make ends meet? You love what you do, right? But sometimes it’s just so… hard. It could be time to consider a new form of revenue: passive income. If you’re a business owner, chances are, you’ve heard the term. But do you know what it is or how it could benefit you?

Passive income is defined by the IRS as “net rental income and income from a business in which the taxpayer does not materially participate.” Essentially, it is exactly what it sounds like: income that comes in regularly with minimal to no ongoing effort required. This income could come in many different forms, including rental properties, investments, training videos … Read more →

If you’ve ever considered investing in real estate, this article is for you. And if you’ve never considered it, keep reading because you might just be on the verge of your next big business adventure.

Real estate investing is a big, big world, but we’re going to break things down for you and hopefully make it a little bit easier to decide if this is something you really want to do. We’re going to start by sharing the do’s and don’t’s of real estate investment.

Don’t try to plan as you go. Lack of planning is the biggest mistake you can make as a new investor. A lot of people buy a house because it seemed like a great idea … Read more →

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