Stay calm and read your audit letter carefully if you're being audited. Find out what steps you need to take. You have the right to get help if you need it.
Tax returns are annual, and getting them filed also means starting the clock ticking for how long the IRS has to audit you.
The IRS recently issued final regulations regarding the scope of cases that may be heard by IRS Appeals. Under the ...
Taxpayers who proactively disclose their previously unreported income often receive more lenient treatment from the IRS ...
Danny Werfel, who had two years remaining on his term, said he made the decision after “significant introspection and consultation.” An AICPA statement praised Werfel for “moving the IRS in the right ...
Easing restrictions, sharpening personal attention and clarifying denials are among the aims of three pilot programs at the Internal Revenue Service that will test changes to existing alternative ...
I would suggest the GOAL project as the first stop for an audit. Singapore used external institutions to educate its citizenry. It also hired top-notch lecturers from overseas to develop its ...
From the outset, overworked agents were susceptible to corruption and political influence in deciding whose returns to audit. Franklin D. Roosevelt brazenly used IRS audits as a weapon against ...
The Post welcomes letters up to 250 words on topics of general interest. Letters must include full name, home address, day and evening phone numbers, and may be edited for length, grammar and ...
View GIA “snackable” video. GIA’s Annual Report summarizes audit results for the fiscal year and the risk management, control, and governance issues at the institutional level arising from GIA’s body ...
A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...