IRS audits of higher income taxpayers increase The IRS audited one in eight individuals with incomes over $1
million in fiscal year (FY) 2011. While the overall audit coverage
rate for individuals remained steady at just over one percent, the
a...
Tax gap grows to $450 billion; compliance rate holds steady The "gross tax gap," or the amount of tax owed to the U.S.
government that is not paid on time, climbed from $345 billion in
Tax Year (TY) 2001 to $450 billion in TY 2006, the IRS has
reported. (Be...
WA - Taxability of insurers explained The Washington Department of Revenue has updated an industry guide
on the application of sales and use tax to the insurance industry.
Insurers and affiliates are responsible for pa...
Watson & McDonell, PLLC is committed to the highest standards of excellence based on core values of professional integrity, dedication, and community. We excel because of our creative and intelligent approach to problem solving, our breadth and depth of training and experience, and our commitment to serving our clients. Our primary mission is to provide our clients with the most complete and accurate attest and tax services possible, and to do so in a timely and efficient manner.
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As you browse through our Website, you will see that not only have we highlighted background information on our firm and the services we provide, but have also included useful resources such as informative articles (in our Newsletter section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external Websites that we felt would be of interest to our clients and visitors (in our Internet Links section).
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