As efforts to flatten the contagion curve of coronavirus close businesses and schools across the country, many people are watching their paychecks disappear, their investments fall, and their… Read More
There are a lot of people who really don’t enjoy paying their taxes. However, while most people would love to get more in return from the IRS and… Read More
The IRS has chosen you for an audit. The mere words strung together can cause just about anyone to curl up in a small ball and tremble in… Read More
The words "tax audit" are enough to send shivers down anyone's spine but this year, taxpayers have less to worry about. Thanks to budget cuts, the number of… Read More
The Adoption Tax Credit was introduced in 1996 as a means of helping low and middle-income families offset some of the costs of the adoption process. While the… Read More
Earlier this month, the federal government entered a sequestration period, which effectively translates to big spending cuts for certain agencies, including the IRS. While the budget cuts have… Read More
In an effort to close the $450 billion tax gap, the Internal Revenue Service has announced that it will increase audits of small businesses in 2013. The IRS… Read More
Nothing sets off panic in the heart of a taxpayer quite like receiving official correspondence from the Internal Revenue Service. Images of being grilled by an IRS auditor in… Read More
Nothing can induce fear more quickly than finding a letter from the Internal Revenue Service in your mailbox. Just the phrase “tax audit” can trigger anxiety and panic, often resulting in unnecessary… Read More
The risks for IRS audits have been increasing steadily across all income levels, although the wealthiest Americans face the greatest risk increase for an income tax audit according to data… Read More