Posts Tagged ‘Audit’
Are You Increasing Your Chances of an Audit?
Are You Increasing Your Chances of an Audit? Audit. It’s the dreaded “A” word at tax time. The word can send chills down almost any taxpayers’ spine. Being audited by the IRS is not a pleasant experience. But if you’re ever selected for an audit, it’s not the end of the world. You can get…
Read MoreBe Careful When You Decide to Amend Your Taxes
Be Careful When You Decide to Amend Your Taxes Nobody’s perfect. Even the most careful people make mistakes from time to time. Some mistake hurt much worse than others. Of course, when you’re doing your taxes, mistakes can really be magnified. In fact, they can cost you a lot of money if they’re really big…
Read MoreWhat’s the Hold Up On A $5.22 Million Tax Refund?
What would you do if you filed your tax return and it showed that you were owed a refund of $5.22 million dollars? However, despite the fact that your return was legitimate the IRS still hadn’t paid up. It’s not a very common scenario, but nevertheless that is exactly what is happening to one man…
Read MoreWill Fewer Audits Lead to More Cheating?
There’s an old saying that cheaters never prosper. Of course, there are probably many people who have gotten away with cheating that would beg to differ. When it comes to taxes, however, it’s always best to avoid cheating. Surely, some people do get away with it, but if you ever get caught it could cost…
Read MoreExpecting An Audit? Expect to Wait
Expecting An Audit? Expect to Wait Have you ever been audited by the IRS? Have you been told that you might be audited soon? Are you waiting to be audited right now? If you answered yes to any of these questions, then chances are you have either played the waiting game or you’re playing it…
Read MoreU.S. Government Could Lose Billions Due to Fewer Audits
U.S. Government Could Lose Billions Due to Fewer Audits Taxpayers rejoice! There may actually be some good news about tax returns this year. The US Government could lose billions due to fewer audits. That’s because according to reports, due to reduced staff, the IRS may be forced to reduce the number of audits it would…
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