IRS Encouraged to Increase Correspondence Audit Collection
If you think that audits will not increase due to IRS sequester budget cuts think again. A recent article from Accounting Today titled: “IRS to Increase Audits of Prior- and Subsequent-Year Tax...
View ArticleOffer in Compromise Helps Settle Tax Debt for Less
Question: I don’t know what’s next for me. I owe way more to the IRS than I could possibly pay. I read a column in which you suggested to a reader that he look into an Offer in Compromise. But isn’t...
View ArticleIRS Tax Case: Miami Accountant Pleads Guilty to False Tax Return
An accountant in South Florida pleaded guilty to two counts of making and filing a false tax return. Edda Obando, 65, of Miami, prepared a false and fraudulent tax return that significantly...
View ArticleIRS Problems-Agency Paid $110B in Improper Tax Credits
It looks like the IRS is in the hot seat – again. This time it’s because of a recent report from the Treasury Inspector General for Tax Administration (TIGTA) showing that over the last ten years, the...
View ArticleQuickBooks and IRS Audits-Understanding the Relationship
Most small business owners try to avoid IRS audits at all costs but sometimes it’s unavoidable; you receive a correspondence audit from the IRS you asking for more information. While accounting...
View ArticleTax Collections after Shutdown-a Major Priority
For the 16 day government shut down, tax enforcement and collections came to a halt. With the IRS now operating at full steam, should you be concerned? The government shutdown from October 1 to October...
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