Are You Ready For A Bigger Meaner IRS?

With the IRS adding 87,000 employees, and many of these employees being assigned to compliance, the fact is you are going to be seeing more audits and more additional information requests for IRS. While this may make many taxpayers nervous, worrying will not help....

Don’t Be Mislead!

The IRS warns about Offer in Compromise (OIC) “mills” that often mislead taxpayers into believing they can settle a tax debt for pennies on the dollar. These scammers mislead people who don’t meet the qualifications into paying excessive fees. While...

IRS Warns High Income Taxpayers

The IRS warns high-income taxpayers about abusive transactions involving Charitable Remainder Annuity Trusts (CRATs) and monetized installment sales. These types of transactions can be abused by promoters of tax schemes with the taxpayer being on the hook for...

Warning: Shady Tax Preparers

The IRS is warning individuals to stay alert and be weary of shady tax preparers. Watch for warning signs, including charging a fee based on the size of the refund or asking you to sign a blank return. Check out the IRS’ annual Dirty Dozen campaign, a list of 12 scams...