Tax Audit

59 Tips for the Self-Employed

Getting Started 1. Don’t operate as a sole proprietorship 2. Hire a professional bookkeeper 3. Outsource your payroll 4. Buy an accounting [...]

Freelance? An IRS audit may be in your future

(Reuters) - This past New Year's Eve, any impulse I had to ring in 2012 on a high note was drowned out by alarm bells from Uncle Sam. On that day, my wife and [...]

Where’s My Canceled Check?: A Review of the Basics

Practice & Procedures The Check Clearing for the 21st Century Act (Check 21 Act), P.L. 108-100, was signed into law on Oct. 28, 2003, and went into effect [...]

Lessons from my IRS audit

Who panics when being audited by the IRS? Apparently, even the professionals. Just ask Brad F., a former CPA and current tax attorney whose 30 years [...]

11 tax audit red flags

Sometimes your tax preparer is to blame for an audit. If a preparer promises unusually high refunds without asking to see proper documentation for [...]

Virtual tax audits coming soon?

NEW YORK (CNNMoney) -- The dreaded process of getting an audit could soon take place over a computer screen in the comfort of your living room. In what [...]

The People vs. the IRS

Micah Andrews opened his first notice from the IRS a week before Christmas in 2010. He was standing in the kitchen of the house in the Atlanta suburbs that he [...]

Beware Amending Tax Returns

Axiomatically, you sign your federal income tax return under penalties of perjury.  That means it should be accurate and complete.  But in the real world, [...]

Avoid IRS Audit Triggers

32 years as a tax lawyer advising clients and handling tax disputes makes me circumspect about addressing this at all.  It’s only natural to think [...]