It’s the “A word,” the term that strikes fear in the hearts of law-abiding taxpayers everywhere – and that word is audit. If you are being investigated or have been targeted for an audit of your tax return by the IRS, it is time to contact the experienced tax...
Will I Be Audited By The IRS?
The question on many taxpayers’ lips every year, “Will I be audited by the IRS?,” could just as easily translate to “How can I avoid or increase my chances of avoiding an IRS audit?” At in New York City and Long Island, we are always eager...
Three triggers that increase the risk of a tax audit
When you look at the numbers, it appears your risk of getting a tax audit are relatively low. In fact, with the reported average rate of federal tax audits in 2019 being 0.45%, you may think your odds of avoiding scrutiny are pretty good. In many cases this is true,...
Earn over $100,000? The IRS is reviewing your returns.
The Internal Revenue Service (IRS) recently announced it will take a closer look at tax returns for those who earn over $100,000. The agency’s efforts will focus on those who the agency believes has wrongly failed to file a tax return. The agency stated those in this...
IRS shows no mercy, sends young father to prison for 34 months
A young man made a bad choice. He admitted his error, requested leniency and worked to show he had learned from his mistake. When the man presented the court with evidence of his changed ways, the prosecution argued it was not enough. The prosecution continued to...