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IRS Dirty Dozen Tax Scams to Watch Out for in 2025

Protecting Yourself from Fraudulent Schemes The IRS annually releases its “Dirty Dozen” list to alert taxpayers, businesses, and tax professionals about prevalent scams. Staying informed is crucial to safeguarding your financial and personal information. Core Message: Vigilance and Awareness The

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March 5, 2025 No Comments
Tax blog
iFind Taxpro

Tax Court Sides with IRS: Businesses Must Prove Expense Deductions

Lack of Proper Documentation Leads to Denied Tax Deductions Self-employed individuals can deduct “ordinary and necessary” business expenses, just like large corporations. However, they must follow strict substantiation rules to claim these deductions. In a recent case—Kalk, TC Memo 2024-82

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February 18, 2025 No Comments
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