Receiving a notice from the IRS can be stressful. The stakes may feel even higher when questions about a tax return involve claims of intentional wrongdoing. If you are a corporate professional who has received an IRS inquiry, understanding what can attract criminal...
Finding out the IRS is auditing you may get your mind racing, but try not to panic. Most IRS audits are not the drawn-out, harrowing experiences you may think that they are. Understanding more about the process may help calm your nerves and allow you to prepare...
If you purposefully avoid paying your taxes, you could face hefty fines and prison time. The IRS states that if you do not pay your taxes, you could face felony charges and the requirement to spend no more than five years in prison. The IRS will not pursue you on a...
Probably no one enjoys paying taxes. Still, by every April 15th, many residents of the United States must tell the federal government how much they owe in taxes. As you likely know, the U.S. tax code is unbelievably complex. If you are not a tax expert, making a...