Tax Audits: How Far Back Can the IRS Audit?
An IRS tax audit is something that many people fear. Some have heard horror stories in the news or perhaps they have heard first-hand accounts ...
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Three Issues that Can Cause Major Tax Problems for 1099 Contractors
For many individuals, working as an independent contractor and receiving a 1099 rather than a W-2 can provide numerous opportunities. Aside from potentially supplementing one’s ...
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When is the Domestic and International Tax Filing Deadline for Americans?
With the new year comes the desire to set resolutions and work to make last year better than the last. Curiously, few people consider their ...
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IRS Gains Power to Revoke Passport & to Use Private Debt Collectors for Unpaid Tax Debts
The IRS has always been a federal government agency that can strike fear into the hearts of taxpayers. Most people are happy to minimize their ...
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IRS Watchdog Warns of New Customer Service Cuts as IRS Cuts Business Mileage Reimbursement Rate to 5-year Low
The cuts to the IRS budget and staffing are no secret. Since 2010 the IRS budget has been reduced by an inflation-adjusted 19 percent. Since ...
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IRS Non-Profit Rules Regarding Providing Donor’s Social Security Number and Other Information Concerns Charitable Organizations
Law enforcement officials routinely warn Americans to safeguard their Social Security number and other essential personally identifiable information. In fact, law enforcement and privacy advocates ...
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IRS Issues Guidance Regarding Discharge of Certain Student Loans
As any individual who has taken out a student loan or who holds student debt knows, a student loan is forever – unless you can ...
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Despite Scams Affecting Tax Returns, Congress Authorizes Robocalls for IRS Tax Debts
Despite more than a year of a persistent telephone scam that shows little signs of abating or subsiding, Congress is considering action that could lead ...
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IRS & White House Indicate Partnerships Are Likely to Face Heightened Tax & Audit Scrutiny
For a number of years, partnerships have attracted relatively little attention from the IRS and other agencies. One 2014 Government Accountability Office (GAO) study found ...
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Is the IRS Failing to Target the Ultra-Wealthy at the Expense of Taxpayers who are Merely Wealthy?
Taxpayers have long been concerned about the conduct and practices in effect at the IRS. Taxpayers have good reason to verify the propriety of actions ...
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