Audits

Today, money comes in all types and formats. From electronic transfers to traditional green, money and payments can be complex and tedious to track. Failure to keep track of all your assets and file appropriate tax documents can result in tax-related problems, including levies, liens and wage … [Read more...] about Don’t let bitcoin be the downfall during your tax audit

A commissioner with the Internal Revenue Service said the federal agency needs to improve the way it approaches audits for small businesses. The commissioner told a crowd at a conference held by the Institute of Certified Public Accounts that the IRS needs to more carefully select each small … [Read more...] about IRS official calls for better small business audits

It is the phrase that no Texas resident wants to hear: "You are being audited." Audits can prove taxing not only on residents' finances, but also on their emotional health. In some cases, the Internal Revenue Service even requires individuals to pay overdue taxes through wage garnishments and … [Read more...] about Race car driver audited for alleged tax missteps

Pop artist Rihanna is reportedly ready to settle a lawsuit she brought against her former accountants, but a federal judge recently announced that she must appear before a court mediator in person to do so. The popular singer sued accounting business Berdon LLP for allegedly mismanaging her money. … [Read more...] about Rihanna blames accountants for IRS audit

Every year, thousands of Texas residents are targeted by audits for failing to file tax returns or make payments as required by the Internal Revenue Service. Many of these individuals do not withhold their return in order to hide their assets or skirt their liabilities, but rather succumb to the … [Read more...] about Seeking assistance with tax problems

A recent report from the Treasury Inspector General for Tax Administration reveals that approximately 30 percent of all IRS-conducted seizures of taxpayer property are effectively illegal, claiming the federal tax agency regularly ignores or circumvents legal protections designed to prevent such … [Read more...] about Significant portion of IRS seizures illegal, report finds