The Internal Revenue Service (IRS) has repeatedly stated that it will focus its efforts on high-income non-filers. Uncle Sam states taxpayers who have significant income but fail to contribute their “fair share” in income tax returns are one of the biggest reasons for...
Tax Audits
IRS Tools to Find Tax Evaders
The Internal Revenue Service (IRS) is evolving. This federal agency is shifting from a reliance on agents and manpower to increased use of technology. The agency is using data analytics and software to dig into tax returns (or the lack thereof) to find potential tax...
NY tax authorities begin to audit remote workers
The pandemic changed the way we work. Many people who commute into big cities like New York were forced to work from home, often in other states and often for the majority of the year. This led to a lot of frustrations, like trying to find space for a home office and...
How does the IRS communicate with taxpayers?
Identity theft and other tax scams are commonplace. As a result, it is important for taxpayers to know how to protect themselves from bad actors that are trying to steal their information. The first step toward protection is to know how the Internal Revenue Service...
What is the latest on taxes and cryptocurrency?
Investors often take steps to diversify their assets to better ensure a strong portfolio. In addition to various stocks, bonds, savings accounts and real estate, more and more investors are turning to cryptocurrency as another option to add to the mix. According to a...
How long does the IRS have to conduct a tax audit?
One of the first things a taxpayer who gets a mailing from the Internal Revenue Service (IRS) stating they are the subject of a tax audit should do is check to see which taxes the IRS is auditing. The rules and regulations that come with taxes apply to the IRS, just...
I moved from NY to FL. Will NY still try to send me a tax bill?
Whether moving before the pandemic or as a result of the pandemic, those who left New York for Florida or other warmer pastures often find themselves asking this question. Is my move legit? Will the New York taxing authorities try to send me a tax bill and expect me...
Is that really the IRS trying to contact me? Or is it a scam?
The Internal Revenue Service (IRS) recently published a news release encouraging taxpayers to proceed with caution when they get a contact claiming to be from the feds. The agency states that it is continuing to deal with scammers and that these scammers are becoming...
IRS gears up for big audit year
The Internal Revenue Service (IRS) recently hired hundreds of new agents. The move is predicted to signal a surge in audits in coming years and a recent congressional bill supports this concern. The bill is a bipartisan infrastructure investment plan that, if passed,...
Taxpayers beware, feds call on IRS to fund American Families Plan
President Biden’s American Families Plan calls for an influx of hundreds of billions of dollars. The plan outlines opportunities to increase the educational offerings available for young children in our country and expand paid family leave options for workers. But how...