Q: Please enlighten us: When we exercise some of these various techniques to reduce taxes, does that increase the chance that IRS will audit us ??

A: This is a great question; one that I get asked all the time. In fact, I addressed this in my chapter Winning the Game Without Breaking The Rules in CTC’s recently published Bestseller Secrets Of A Tax Free Life: Surprising Write-Off Strategies Most Business Owners Miss.

For example, if you are currently filing as a single-member LLC on schedule C and elect to be taxed as an S Corporation in order to save self-employment taxes on the portion of your profit in excess of your reasonable salary; your risk of being audited is … Read more →

“Karen is innovative, aggressive, thorough and highly professional. She knows the tax law as well as anyone and knows how to use it to her clients’ benefit.”… Read more →

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