What does the IRS consider to be negligent or non-wilful conduct when it comes to tax-related activity like filing income tax returns and making deductions? What does it consider wilful conduct? When is such activity tax fraud? Tax fraud is…
Taxpayers that are unable to pay their tax bill have several options. All is not lost. Taxpayers who can’t pay their tax liability or who create a financial hardship by paying this liability may take advantage of a federal tax…
It is estimated that 7 million taxpayers fail to file their tax returns each year, which is approximately 5% of all filers. The Internal Revenue Service released results of a study that indicated that the federal government loses $28 billion…