Year in and year out, taxpayers are being audited to ensure they adhere to tax rules. Getting a letter from an auditor increases as your income increases. About 1 in 160 taxpayers...
Posted by James Financial Services Inc on 05/31/2022
You are most likely familiar with the term "Audit." You may have even used it often in a statement. What exactly is an audit, and how is it done?Every organization is governed...
Posted by Rosovich & Associates, Inc. on 02/22/2022
Of all the tax returns submitted in 2019, only 0.4% were audited, and 80% of the review was done via mail. This rate has dropped significantly in consequent years, and the COVID-19...
Posted by CORE PERFORMANCE on 09/09/2021
The Internal Revenue Service takes time to make sure your tax situation is up to date. The tax code allows the IRS three years to verify the tax return and ten years to collect the...
Posted by Dennis Jao on 03/16/2021
The only thing we want from Uncle Sam is our tax refund. Getting any other correspondence, especially for issues like audit, does not augur well with most people. Problems with taxes...
Posted by Income Taxes and Bookkeeping LLC on 01/26/2021
