Frost & Associates, LLC
Call Today 202-618-1873

Audits Archives

Home equity loans and the new tax law: Clarification from the IRS

The Internal Revenue Service (IRS) recently published clarification on how the new tax law impacts deductions for interest paid on home equity loans. The agency notes that there are restrictions, but many homeowners can still qualify for these deductions.

Side hustle or legit job: The IRS is watching the “gig” economy

The Internal Revenue Service (IRS) is keeping a close eye on what is referred to as the “gig” economy. This term refers to a new job market that involves the shift from typical nine to five jobs to short-term, flexible positions. These positions are often self-managed, allowing a great deal of autonomy for those who pursue this type of work.

Sole proprietors: work with experienced advocate to effectively handle IRS audit

For those who are in business for themselves as sole proprietors, managing tax compliance is an important task. Not only is there income tax and the obligation to report profits, but also self-employment tax, quarterly estimated tax reporting, social security and Medicare taxes and tax withholdings, federal unemployment tax, and other potential tax obligations as well.

Audits, underreported income, and the IRS’s automated toolkit

It’s common knowledge now that the overall number of tax audits is down due to IRS budget cuts. We noted that fact last month, in our March 22 post on business tax audits. Audits of individuals are down as well, as the IRS deals with the budget cuts it has experienced in recent years.

Every Tax Problem Has A Solution

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Contact us today!

Frost & Associates, Attorneys at Law
1629 K Street NW
Suite 300
Washington, D.C. 20006

Phone: 202-618-1873
Phone: 202-618-1873
Fax: 888-235-8405
Washington Law Office Map

Columbia Office
10440 Little Patuxent Parkway
Suite 300
Columbia, MD 21044

Phone: 202-618-1873
Phone: 202-618-1873
Fax: 888-235-8405
Columbia Law Office Map

Annapolis Office
888 Bestgate Road
Suite 400
Annapolis, MD 21401

Phone: 202-618-1873
Phone: 202-618-1873
Fax: 888-235-8405
Map & Directions

Fairfax Office
8280 Willow Oaks Corporate Drive
Suite 600
Fairfax, VA 22031

Phone: 202-618-1873
Phone: 703-621-7169
Fax: 888-235-8405
Map & Directions

Rockville Office
199 E. Montgomery Avenue
Suite 100
Rockville, MD 20850

Phone: 202-618-1873
Phone: 240-599-5009
Fax: 888-235-8405
Map & Directions

Find us on...
  • Facebook
  • Twitter
  • Linked In