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There is often confusion over what can legitimately be deducted as a charitable contribution. Here are some common situations that may clarify the cash and volunteer charitable deduction rules.
Most fraud is brought to light through tips from employees, vendors, customers and other sources. Your company should develop methods that extend beyond your employee base to encourage reporting of suspicious activity.
Illegal tax protestors may wind up working for you and calling unnecessary IRS attention to your company. One common tactic that protestors use is to file fraudulent W-4 forms with their employers so they don't have any tax withheld from their wages. Some employees have even given their companies phony -- but official looking -- forms in an attempt to avoid withholding. Here's what to do if you're confronted with this issue.
When it comes to stock losses, "worthless" can be in the eye of the beholder. An investment may have all the earmarks of being without value, but in order to claim a loss, you have to view the situation through the eyes of a very particular beholder...the IRS. It may feel like you have to look into a crystal ball. For details of how to claim a tax loss for worthless stocks, click "Full Article."