Introduction.
In many cases, a taxpayer with an < >IRS audit may have exposure to potential criminal charges in addition to potential increased tax liability, penalties and interest. Cases that have potential criminal exposure are often referred to as “eggshell” or “sensitive issue”
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A new identity theft scam uses fake < >IRS correspondence and a doctored < >IRS form to con personal and financial information out of non-resident aliens with U.S.-based income. The fraudulently obtained information is then used to steal the taxpayer’s identity and financial assets.
Fake <
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For most Americans, the mere suggestion of an < >IRS audit is enough to require the changing of the pants. So, what percent chance do you have of an < >IRS audit?
< >IRS Audits and the Percentages
Relax; the percentages of < >IRS picking you for audit are very small if you have filed your taxes
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Many taxpayers are confused about how long they should keep tax records. The term “tax records” refers to your tax returns and the documents that support the information in the returns. These documents can include receipts, bank statements, 1099s, etc. If you are one of the unlucky
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(ARA) - Taxpayers and companies whose deadline for tax returns was September 17th or in coming weeks, are being granted extensions by the < >IRS due to the national tragedy which disrupted lives as well as flight delivery and mail services.
According to CPA and tax strategist Diane Kennedy of
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