The IRS Is Paying Attention Again: Why More Taxpayers Are Getting Notices

, , , ,
For a period of time, IRS activity felt quieter. Response times were longer. Enforcement felt less visible. Fewer taxpayers were hearing from the IRS directly. Many people got used to that environment. Now things are shifting. Not all at…

Using a Ghost Preparer? Who You Going to Call When the IRS Comes Knocking

, , ,
Article Highlights: Ghost Preparers PTIN Requirement Signing the Return Preparation to Boost Refund Taxpayer Left Holding the Bag Misdirection Regarding Tax Law Changes How to Report Ghost Preparers Professional Tax…

What To Do When You Get an IRS Notice (And Why You Don’t Need to Panic)

, ,
There’s nothing quite like opening the mailbox, seeing an envelope with “Internal Revenue Service” printed on it, and feeling your stomach drop. Even people who are perfectly organized — even people who’ve done everything right —…

Think the IRS Is Slowing Down? Why That Might Actually Increase Your Audit Risk

,
You’ve probably seen the headlines: “IRS funding slashed.” “Audit rates down.” “Staffing cuts.” If you’re a business owner, investor, or part of a high-earning household, you may be thinking: Finally, some breathing room. But…

Understanding the Types of IRS Audits: Why Professional Help is Essential

Dealing with the IRS can be a daunting experience, especially when you receive an audit notice. Understanding the different types of IRS audits and what each entails can help you navigate the process more effectively. However, it's crucial to…

Common IRS Audit Triggers for Small Businesses: How to Avoid Them

, , ,
As a small business owner, the word 'audit' can be a source of anxiety. However, understanding the common triggers for an IRS audit and taking proactive steps can significantly reduce the likelihood of facing one. This article explores the factors…

IRS Alters Audit Focus

, ,
Article Highlights  Audit Methods Additional Audit Funding Taxpayers Earning Less Than $400,000 Earned Income Tax Credit Taxpayers With Total Positive Income Above $1 Million Partnerships Foreign Bank Accounts Employee…

Worried About Getting Audited? Here’s What You Need to Know About Your Chances

,
If you've been following the news recently, you're no doubt familiar with the talk about the Internet Revenue Service hiring new agents during a time when they've been critically understaffed for years. Indeed, the IRS is expected to receive…

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

,
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

,
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…