Tag: tax audits

5 IRS Issues a Tax Attorney Can Help You Resolve

IRS tax lawyer

While you can work with a tax preparer to file your annual taxes, there are situations where you should seek representation from a tax attorney.  Some instances where it can benefit you to hire an attorney include: if you’re facing a tax audit; if you’re being charged with tax fraud; if you have a large… Read more »

How Long Does an IRS Tax Audit Take?

IRS tax audit time

Tax Audit Time Frame   The Internal Revenue Service regularly performs tax audits of both corporate taxpayers and individuals. Although tax audits are conducted year-long, they often spike during the few months after the tax season, especially when problematic or misleading returns come under the IRS microscope.  Irrespective of when an “examination” or audit commences,… Read more »

7 Worst Things To Do In An IRS Audit

7 things not to do in an irs audit

We get it. Tax audits can be nerve-racking, to say the least. And while there is a lot of information out there on what is appropriate to do, there isn’t much on what not to do. So allow us to outline some of the things you should never do during an IRS audit.

How International Wire Transfers May Trigger An IRS Audit

International Wire Transfer and IRS Audit Making wire transfers is a convenient and fast method of moving funds electronically from one bank account to another. The process generally ensures a recipient’s access to funds within just a couple of days of transfer. That being said, if you are a taxpayer with foreign income, remember that… Read more »

Tax Audit Myths Debunked

If we say the word “tax audit” or “IRS auditor” what is the first thing that comes to mind? Our guess is that due to a number of different factors and commonly held misconceptions most laypersons conjure up a variety of images and “facts,” none of which resemble anything close to an iota of truth…. Read more »