What are your chances of a tax audit by the IRS?

by | Apr 20, 2017 | Tax Laws

Follow When you think tax audit, panic and anxiety may set in. There are two kinds. The first is a correspondence audit, which is the mildest form, in which the IRS asks for information to be mailed in. A more complicated one requires that you meet in person with an...

Expect More Tax Audits as the IRS Hires More Enforcement Workers

by | May 13, 2016 | Tax Laws

Email, RSS Follow

Do you think the IRS has been lax on enforcing tax audits lately? Well, think again.  They are in the process of hiring 700 new employees, which means there’s more of a chance you will find an audit letter in your mailbox. Kevin E. Thompson, CPA www.kevinthompsoncpa.com adds “it has been years since we have […]

Follow Do you think the IRS has been lax on enforcing tax audits lately? Well, think again.  They are in the process of hiring 700 new employees, which means there’s more of a chance you will find an audit letter in your mailbox. Kevin E. Thompson, CPA...

Complicated Filing Season Ahead for 2015

by | Nov 6, 2014 | Tax Laws

Email, RSS Follow

IRS Commissioner John Koskinen addressed hundreds of attendees at the AICPA National Tax Conference recently and noted that the 2015 tax season will be one of the most complicated tax seasons ever. This is, in part, because two new provisions introduced in the Patient Protection and Affordable Care Act of 2010.  They include the premium […]

Follow IRS Commissioner John Koskinen addressed hundreds of attendees at the AICPA National Tax Conference recently and noted that the 2015 tax season will be one of the most complicated tax seasons ever. This is, in part, because two new provisions introduced in the...