The IRS loses billions of dollars every year in tax revenue from those who neglect to file tax returns. An audit was done by the Treasury Inspector General for Tax Administration (TIGTA) to determine if the IRS controls were effectively identifying and addressing...
Sometimes, even those who intended to accurately and fully execute their annual tax return make mistakes. Generally, if a paid tax accountant is responsible for this mistake, they will take steps to correct their error on your behalf as quickly as possible. For those...
The IRS added 23 new data elements to its tax return computer system filters this past tax season. The objective of these enhanced features was to locate instances of identity-theft related tax fraud. These efforts are being made to protect taxpayers from identity...
When you have a tax issue to resolve, it can be difficult to know if the matter is best resolved through a certified public accountant (CPA) or a qualified tax attorney. In most situations, the particular circumstances will determine if one or the other, or both, are...
In mid-September, Grammy award-winning rapper Nelly (Cornell Iral Haynes Jr.) got hit with an IRS tax lien totaling more than $2.4 million. This was preceded by a lien from the Missouri Department of Revenue, although that was for almost $150,000.Sources say the St....