Avoiding the Dirty Dozen Audit Red Flags
With the tax season just around the corner, I wanted to remind taxpayers to resist any temptation to cheat on their tax return deductions. A Yahoo Finance article by Kiplinger’s titled: IRS Audit Red...
View ArticleTaxpayer Advocate Report Shows Excessive Tax Audits
Yesterday, I wrote a post for the Tax Resolution University blog about National Taxpayer Advocate, Nina E. Olson, releasing her 2012 annual report to Congress. In it, Olson emphasizes the immediate...
View ArticleAvoiding Small Business Tax Audits
On the run up to Tax Day – April 15th, I reached into the Tax Resolution University (TRU) blog archive to gather useful and informative posts that might help taxpayers avoid IRS issues such small...
View ArticleTax Audit Defense-Advocates Who Can Help Save Money
Nothing strikes fear in the hearts of people more than receiving an IRS Audit letter in the mail. Audits take significant time away from your life, business and family, requiring you to gather mounds...
View ArticleNew Jersey Meat Distributor Evades $189,000 in IRS Taxes
Nicholas Papanier Sr., 57, of Sewell, N.J., pleaded guilty to one count of tax evasion for diverting income from his companies for his own personal use. According to court documents, between the years...
View ArticleIRS Audits May Decrease Due to Budget Cuts
CNN Money’s article: Spending cut bright spot: Fewer IRS audits reports that the sequester cuts have impacted the IRS’ budget enough that they will have to furlough 100,000 employees for at least a...
View ArticleOnline Retailers Brace for Increased Tax Audits
Just last week, the Senate approved the Marketplace Fairness Act making online retailers who generate more than one million dollars in out-of-state sales, liable to collect and pay state income taxes....
View ArticleColorado Man Found Guilty of Filing False Tax Returns
Daniel Dinner, 61, of Denver, Colorado pleaded guilty to one count of filing a false income tax return as part of an illegal sports betting business that court records indicate he owned from 2005...
View ArticleFormer Florida Mayor Charged With Tax Offenses
Former mayor of Hialeah, Florida, Julio Robaina, 48, and his wife, Raiza Villacis Robaina, 39, were charged with criminal tax offenses and making false statements to federal agents. According to the...
View ArticleIRS Tax Tips-Keeping Documents Safe from a Natural Disaster
The IRS has recently released a summertime tax tip newsletter to remind taxpayers that hurricanes, tornadoes, floods and other natural disasters such as forest fires are more common in the summer...
View ArticleNevada Man Sentenced to Four Years for False Returns
Even with the government crackdown on tax fraud and identity theft, there are still those who like to tempt fate. This is one of those stories. Joseph Glendon Austin, 35 of North Las Vegas pleaded...
View ArticleTax Cheaters Beware-Increased IRS Fines and Punishment
The facts are clear: if you are hiding income, you will eventually get caught by the IRS. Increases in audits and IRS criminal investigations are leading to more tax cheats paying for financial crimes...
View ArticleIRS Tax Lien for ‘Real Housewive’ Lynne Curtin
Unless you’re a fan of bad TV, you’ve likely never heard of Lynne Curtin of Capistrano Beach, California. If you have heard of her you know Curtin was a cast member of the reality show Real Housewives...
View ArticleKansas Man Pleads Guilty to Filing False Returns
Happy Friday! The following case is another example of how the IRS’ Criminal Investigation Division (CID) is cracking down hard on identity theft and tax fraud schemes. Anthony Hopkins, 40, of...
View ArticleIRS 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 ArticleNew Report Shows Decline in IRS Enforcement Revenue
The Treasury Inspector General for Tax Administration (TIGTA) announced through a press release their recent Report on Trends in IRS Compliance Activities that shows enforcement revenue collected by...
View ArticleIRS Tax Relief-More Ways to Avoid an Audit
An IRS audit is one of the most intrusive, intimidating, life disruptive processes a taxpayer could ever experience. Because of this, we spend a lot of time giving taxpayers tips on how to prevent...
View ArticleIRS Audits Stop Due to Government Shutdown
There are no real benefits to the government shutdown, except perhaps for those whose IRS examinations (audits) have come to a screeching halt. According to a recent article in Forbes titled: “Shutdown...
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 ArticleBusiness Audits Can Increase Due to Multi-State Workers
Most business owners do everything they can to prevent tax issues but it’s only possible to prevent what you know about. For example, some businesses may not be aware they are non-payroll tax compliant...
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