Venar Ayar, JD, LLM (Tax)
October 16, 2020 No Comments
An audit reconsideration is used when an audit of a taxpayer’s return assessed additional taxes, or a tax credit was overturned. This allows the taxpayer to have his or her…
Venar Ayar, JD, LLM (Tax)
April 18, 2019 No Comments
Most people dread IRS audits even when they are not guilty of a tax offense. After all, the IRS would rarely audit you if there is no suspicion of foul…
Venar Ayar, JD, LLM (Tax)
December 14, 2018 No Comments
IRS Record Keeping Guidelines The Internal Revenue Service generally advises taxpayers to retain copies of all tax returns and any relevant supporting documentation for at least the previous three tax…
Venar Ayar, JD, LLM (Tax)
December 11, 2018 No Comments
Nothing strikes fear into the hearts of an American taxpayer like the word “audit.” But there really is nothing inherently bad about them. An audit is essentially a review and…
Venar Ayar, JD, LLM (Tax)
July 27, 2018 No Comments
In our day-to-day lives, one usually has to try to find himself (or herself) on the wrong side of Law Enforcement. That is of course, not counting basic traffic infringements…
Venar Ayar, JD, LLM (Tax)
June 7, 2018 No Comments
The IRS generally has three years from the date a return is filed or due to issue a Notice of Deficiency. If this period has expired, the IRS can’t assess…
Venar Ayar, JD, LLM (Tax)
February 6, 2018 No Comments
Marijuana dispensaries are five times more likely to face an IRS cash business audit. In 1970, lawmakers approved Section 280E of the Internal Revenue Code as a punitive measure in…
Venar Ayar, JD, LLM (Tax)
January 30, 2018 No Comments
When treasury agents get the scent of unreported income in their nostrils, they always use a variation of the good cop-bad cop routine. Sometimes before they even drop the A-word,…
