A few weeks ago, our blog started discussing how the Internal Revenue Service typically views the majority of tax return oversights as being the product of careless errors — provided no signs of willful evasion are present. To that end, we also explored some types of conduct that typically serve as red flags for auditors,
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What’s the difference between income tax negligence and fraud?
While it might seem strange to be talking about the much-dreaded chore of doing your taxes with Thanksgiving only days away, it actually won’t be long until many people find themselves camped out in front of their computer or at their kitchen table trying to make sense of a myriad of arcane tax regulations. Given
Read MoreHow taxpayers can find much-needed relief via an offer in compromise – II
When a person enduring serious financial troubles receives a letter from the Internal Revenue Service demanding payment for a past-due tax debt, it can prove to be incredibly distressing. That’s because unlike the typical creditor, the IRS has both vast resources and significant enforcement options at its disposal. As we discussed in an earlier post,
Read MoreHow taxpayers can find much-needed relief via an offer in compromise
When a person is experiencing serious and sustained financial difficulties, chances are good that they will eventually start to see the pile of unpaid bills grow and the correspondence from creditors begin in earnest. As distressing as this reality is, consider how much more distressing it can be when one of these letters is from
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