What are the most common IRS audit triggers? According to tax attorney Shamsey Oloko, the most common trigger for an IRS audit is underreporting income. When there’s a mismatch between what a taxpayer reports and what a third party (such…
Who is Shamsey Oloko and what led him to tax law? Shamsey Oloko, founder of Thorgood Law Firm in New York, began his career in finance with firms like Goldman Sachs before transitioning into law. With an MBA in finance…
As a taxpayer, you are legally obligated to file a tax return annually with the Internal Revenue Service. The IRS periodically examines its records to determine whether taxpayers have met this requirement. If the IRS cannot locate your tax return…