Category: IRS Audit
If you think you overpay business taxes, do you plan to keep making the same expensive tax mistakes? Tax-savvy business owners grab every tax…
The IRS is paying close attention to Bitcoin and cryptocurrency transactions and has sent letters to cryptocurrency users. A nice way to say, “We…
FinCEN follows the money by looking at who does and doesn’t file an FBAR (FinCEN Form 114) directly to their agency, the Financial Crimes Enforcement…
Are there really any great moments in tax litigation? You bet! But Hollywood doesn’t particularly glamorize the tax part, although the stories and…
Your hobby profit and loss situation may be your tightly-held secret, but the IRS knows how to get into your business. Literally! The more secret…
Working under the table or paying someone under the table is “unreported employment” usually paid in cash since it’s harder to trace. According…
Count on it. IRS red flag outliers trigger audits This new wave of IRS red flags, or “outliers” is the buzzword for items outside the norms of…
Protect your passport against seizure by the State Department. The IRS is now implementing new procedures to collect tax debts which limit travel for…
The IRS knows who owns bitcoin. Since before 2015, they’ve been checking the list and collecting red flags, and chances are good they’re now humming…
If you receive a letter from the IRS, you’re probably going to have a knee-jerk, instinctual fight-or-flight reaction. Just calm down, back off from…