Reducing the Tax Gap

Politicians are in constant debate over how to decrease the budget deficit: raise taxes or cut them? Tax researchers often cite a more politically-neutral third option: reduce the “tax gap.” The tax gap is simply the difference between taxes owed and taxes paid....

IRS More Behind Than Ever Before

According to a report from National Review, recent changes to the tax code, staffing issues and aging technologies have created significant administrative challenges for the IRS:   New Rules – There are more than 80 changes to the tax code within the new Tax Cuts...

Choosing a Business Structure

If you are running or creating a small business, Britt & Burroughs understands that you have a lot of decisions to make. This September, we will look into some of the options for choosing a business structure and how we can help.   Taxes Influence Business...

Can the IRS Revoke Your Passport?

Some taxpayers in danger of losing their passports now have some breathing room, thanks to the Taxpayer Advocate Service. Don’t let the IRS revoke your passport.   The TAS Offers Help On August 8, 2019, the Internal Revenue Service (IRS) reminded taxpayers...

Tax Withholding 2019 – Are You Ready?

Get a headstart on the 2019 tax season. Now is a great time to ensure not only that your return is compliant with current tax laws but also optimized so that you pay no more than required. Make sure you’ve properly managed tax withholding 2019. Here’s What...

Do You Have Expiring ITINs in 2019?

Get a headstart on the 2019 tax season. Now is a great time to ensure not only that your return is compliant with current tax laws but also optimized so that you pay no more than required. If you have expiring ITINs in 2019, make sure you renew them before the end of...