Worried about an audit? Three things to know.

If you get notification of an audit, know that you are not alone. Recent numbers can provide some comfort. The Internal Revenue Service (IRS) conducted a reported 771,095 audits in 2019. Of these audits, the IRS deemed 13,946 as high wealth audits — defined as...

Was I supposed to file an FBAR?

The Internal Revenue Service (IRS) expected taxpayers to file a Report of Foreign Bank and Financial Accounts (FBAR) by April 15, 2022. However, those who did not meet this deadline may have a get out of jail free card as the IRS provided an automatic extension to...