This one’s for my tax professional colleagues… Ever wondered how to best represent your clients under IRS audit? I’ve had the opportunity to work with former IRS agents as well as pick up a few things as a tax adviser. Here are a few tips on what you should know about the interview with an IRS auditor.…

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Business operators form partnerships for a variety of reasons from raising funds, to widening the pool of knowledge and skills beyond a single owner. Under the Treasury Regulations, a partnership exists for tax purposes when two or more owners carry on a trade, business, financial operation or venture and divide the profits therefrom. Isn’t this simple and…

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