What to do if you receive an IRS letter or notice

Did you hear the old joke about the taxpayer who called his accountant all stressed out because he just got a letter from the IRS? “I got an IRS letter!  What the heck do they want now?” the taxpayer screams. “I’m not sure” his accountant replies.  “Tell me exactly what the letter says.” “I don’t […]

Should you Incorporate? The good, bad and ugly about entity selection

Incorporate?  Form an LLC?   Be a sole proprietor?   Selecting the right entity structure is an important issue for every enterprise.    The best choice isn’t always obvious, and it can have a dramatic legal and financial impact on you. Over 75% of business owners chose the path of least resistance; they operate as […]