The myths about who gets audited and who does not —and why—run the gamut. Learn more about some of the misconceptions around this process. An audit is arguably the most dreaded outcome of the tax ...
A stock photo of a Red Audit stamp on a 1040 US individual income tax return. Photographed at 50mp with the Canon EOS 5DSR and the 100mm 2.8 L lens. If you face a tax audit and can legitimately point ...
The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate, according to a new report. The GAO report ...
An audit occurs when the IRS chooses to review a taxpayer’s accounts and financial information to ensure the taxpayer reported all required income and followed all tax laws. The IRS typically audits ...
THE PASSAGE OF SARBANES-OXLEY LEFT MANY TAX practitioners wondering where they fit in under these new rules. The act did not list most tax services as one of the prohibited nonaudit services but said ...
No matter who’s in charge, regulation, legislation, and education remain front and center when it comes to advocacy efforts in Washington, according to Mark Peterson, AICPA & CIMA executive vice ...
Filing a tax return can be stressful in its own right. But then there's the notion of being audited to think about, and that can take tax-related stress to a whole new level. Now, the reality is that ...
Tax evasion isn’t just something that happens in financial scandals or celebrity headlines — it’s a serious offense that leads to steep fines, audits and even jail time. But what is tax evasion ...