Sales tax audits pose a significant challenge for small businesses, often catching owners unprepared with severe financial and legal consequences. This episode of Thurgood Tax Talk examines the intricacies of sales tax audits, highlighting their differences from income tax audits,…
What are the most common IRS audit triggers? According to tax attorney Shamsey Oloko, the most common trigger for an IRS audit is underreporting income. When there’s a mismatch between what a taxpayer reports and what a third party (such…
Who is Shamsey Oloko and what led him to tax law? Shamsey Oloko, founder of Thorgood Law Firm in New York, began his career in finance with firms like Goldman Sachs before transitioning into law. With an MBA in finance…