From the IRS tax audits Tag

New IRS Guidance For Innocent Spouse Procedures

Often times a spouse, or former spouse, may receive an enormous tax assessment from the IRS and have no idea why.  It might just be that the tax liability is the result of tax […]

Does My Income Level Affect My Chance of Being Audited?

No matter how careful we are with taxes, the threat of an audit seems to lurk like a bad dream in the recesses of taxpayers minds. But how likely is an audit. Well, here’s […]

What Tax Records do I need and for how long?

We’re often asked about record keeping requirements. So here’s a general overview of what’s required, and for how long. Then we’ll make some recommendations about how to best comply. To establish that expenditures occurred, […]