Audit Archives - Page 5 of 14 - FREE Yourself from IRS Problems

Shamsey Oloko July 11, 2016 Audit, Income Tax, Internal Revenue Code, Tax Evasion, Taxable Income 0

The Mitigation Provisions Of I.R.C. §§1311-1314

While the IRS uses the mitigation provisions of I.R.C. §§ 1311-1314 to reopen a taxpayer’s closed tax year and assesses tax deficiencies, it hardly facilitates taxpayers in using these provisions in similar fashion when seeking a refund from a closed…

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…