(MoneyWatch) It's time to talk taxes: 1099 forms have gone out and you should be organizing your paperwork and getting ready to pay the taxman. CBS News contributor and analyst Mellody Hobson has some ...

Depending on the size of your small business and your finance experience, you may choose to do your own books, including preparing financial statements. If you don't have a certified public accountant ...

Getting audited on your taxes is a common fear among taxpayers. Fortunately, the IRS only audited 3.8 out of every 1,000 returns, or 0.38%, during the fiscal year 2022, according to a 2023 report from ...

Every business keeps records of its operations and transactions, and accountants take this information to produce four basic financial statements: a profit and loss statement, balance sheet, statement ...

One of the biggest fears that people have is of getting audited by the Internal Revenue Service. Yet if you're unfortunate enough to get audited, don't panic. Getting through an IRS audit might not be ...

For businesses filing their taxes, getting audited can actually be a good thing, says Sheila Brandenberg, a New York-based CPA. “Businesses are generally audited on a pretty regular basis and that's ...

IRS Commissioner Danny Werfel said Monday that Black taxpayers may be getting audited at significantly higher rates than non-Black taxpayers. “Our initial findings support the conclusion that Black ...

The field office of the value-added tax (VAT) and audit team of the tax administrator is going to examine the authenticity of audited financial statements submitted by companies along with their ...

Like other presidential candidates before him, Donald Trump is under pressure to release his tax returns. Former GOP presidential candidate Mitt Romney (who faced tax disclosure issues of his own) ...