
If You Owe the IRS a Lot of Money, You May Not Want to Plan Any Out-of-the-Country Trips
Audit, Tax NewsArticle 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…

Cristiano Ronaldo Accused of $16.5M Tax Evasion
Audit, Entertainment & Leisure, Tax NewsArticle 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
Audit, Tax TipsTax 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…
