The IRS urges taxpayers to avoid these common schemes: Return Preparer Fraud, Filing False or Misleading Forms, Abuse of Charitable Organizations and Deductions, Disguised Corporate Ownership, Zero Wages, and Fuel Tax Credit Scams.

Year-end tax planning is extremely important this year because timely action can pin point a host of tax breaks that won’t be around next year unless Congress acts to extend them.

Year-end tax planning is extremely important this year because timely action can pin point a host of tax breaks that won’t be around next year unless Congress acts to extend them.

Although most people won’t be filing their tax returns for several months, the fall months are actually a great time to start planning for the tax filing season by ensuring your records are organized.

No doubt about it, entrepreneurs and their enterprises fuel the economy! Even the largest corporations like General Motors (GM) are now branding themselves with the word “company” instead of “corporation” to appear “leaner and meaner”.