What Do You Do If the IRS Wants to “Audit” Your Tax Return?

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The word “audit” tends to strike fear in the hearts of American taxpayers, but the truth is that not every audit is a result of a problem, or that the Internal Revenue Service suspects you of wrongdoing. There are several reasons why the…

Toss Your Paystub Every Week? Maybe It’s Time To Take a Closer Look

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What you do with your paystub often depends on how you get paid. If you have direct deposit there’s a good chance that you just rip the entire thing up without a glance, confident in the fact that the money is in your bank account and all…
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If You Owe the IRS a Lot of Money, You May Not Want to Plan Any Out-of-the-Country Trips

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Article Highlights:   Seriously Delinquent Tax Debt Exceptions Passport Denial or Revocation As promised several months back, the IRS has begun to crack down on seriously delinquent taxpayers. A law passed on Dec. 4, 2015, requires…
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Cristiano Ronaldo Accused of $16.5M Tax Evasion

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Article by Tariq Panja | Found on AccountingToday.com Soccer superstar Cristiano Ronaldo has been accused of failing to pay 14.7 million euros ($16.5 million) in taxes. The prosecutor’s office in Madrid filed a lawsuit that alleges…
Protect Yourself from a Tax Audit - Isler NW

Protect Yourself from a Tax Audit

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Tax audits are rare. The average taxpayer has a 1-in-100 probability of being formally audited by the IRS in a given year. The odds of a tax audit rise if, among other things, you itemize deductions, report profits or losses on a home business…