What If You Get Audited?

What If You Get Audited?

What If You Get Audited? Sgroi Financial “Audit” is a word that can strike fear into the hearts of taxpayers. However, the chances of an Internal Revenue Service audit aren’t that high. Between 2010 and 2018, the IRS only audited 0.6% of all individual tax returns.1...
Red Flags for Tax Auditors

Red Flags for Tax Auditors

Red Flags for Tax Auditors Sgroi Financial No one wants to see an Internal Revenue Service (IRS) auditor show up at their door. The IRS can’t audit every American’s tax return, so it relies on guidelines to select the ones most deserving of its attention. Here...
Understanding Marginal Income Tax Brackets

Understanding Marginal Income Tax Brackets

Understanding Marginal Income Tax Brackets Sgroi Financial By any measure, the tax code is huge. It is over 2,000 pages long, and even longer with footnotes.1 And almost weekly, the Internal Revenue Service publishes a 20- to 50-page bulletin about various aspects of...
Retirement Preparation Mistakes

Retirement Preparation Mistakes

Retirement Preparation Mistakes Sgroi Financial Much is out there about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, some classic financial missteps plague retirees. Calling them...
States Are Requiring Retirement Plans

States Are Requiring Retirement Plans

States Are Requiring Retirement Plans Sgroi Financial Too many Americans save too little for retirement. This problem has been discussed for decades in all kinds of media, and there seems to be no easy way to solve it. Fourteen states are giving it a try, however:...