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…
When the IRS sends you a Form 4564 IDR, it does not necessarily mean you are automatically facing a penalty. What it does mean is that the IRS is looking into your tax return and wants to receive more information…