Audit Archives - Page 3 of 12 - FREE Yourself from IRS Problems

Shamsey Oloko June 17, 2016 Audit, Civil Penalties, Criminal Liabilities, Employment Taxes, Internal Revenue Code, Trust Fund Recovery Penalty 0

Who Is Liable For Failure To Pay Over Employment Taxes?

Employers are required to withhold federal income and payroll taxes from their employees’ wages for payment of payroll taxes such as federal income taxes and FICA (Federal Insurance Contributions Act) taxes, which are held in trust until the employer makes…

Shamsey Oloko May 12, 2016 Audit, Business Expenses, Charitable Contributions, Civil Liabilities, Civil Penalties, Collection Activities, Criminal Liabilities, Deductions, Earned Income Tax Credit (EITC), Fraudulent Return, Home Office, Income Tax, Representation, Tax Evasion, Tax Fraud, Tax fraud & evasion, Taxable Income 0

Red Flags That Attract IRS Auditors

People typically think that the amount of their income is the biggest red flag that attracts an IRS auditor, and they would probably be right. But what are some of the other items on a tax return that may attract…

Shamsey Oloko May 10, 2016 Audit, Civil Liabilities, Civil Penalties, Collection Activities, Federal Tax Liens & Levies, Income Tax 0

What Is An IRS Levy?

A tax or IRS levy is an administrative action by the IRS under its statutory authority to legally seize property to satisfy a tax debt. This is in contrast to a lien which is a legal claim against property to…