What are your chances of a tax audit by the IRS?

When you think tax audit, panic and anxiety may set in. There are two kinds. The first is a correspondence audit, which is the mildest form, in which the IRS asks for information to be mailed in. A more complicated one requires that you meet in person with an IRS...

Bitcoin User Data Being Sought by IRS

The IRS is looking for user data from Bitcoin customers causing tensions in regards to compliance and privacy. The agency has requested that Coinbase turn over records on users who have completed transactions between 2013 – 2015.   Kevin E. Thompson CPA says “I...

Replacing Computer Equipment

Co-written by Kevin E. Thompson CPA and Ted Mayeshiba, MBA, Fellow, Institute of Industrial & Systems Engineers.   How do you define “business interruption”?  News reports that talk about earthquakes, hurricanes and tornados come to mind.  However, the most...