If there’s one central reason why the Internal Revenue Service seems to often target privately held small and mid-sized businesses for audits, it might simply be that they are far easier to probe than is the case with gargantuan business entities. In other words, one IRS examiner or a small team of investigators can withcontinue reading…
Audits
A taxpayer’s rights do not cease with an adverse audit result
Many taxpayers in Minnesota and nationally will readily confess to having a bit of fear regarding their dealings with the Internal Revenue Service. That may not be such a bad thing if it is rational and promotes logical actions. Knowing — or at least strongly believing — that the IRS is routinely scrutinizing tax-related documentscontinue reading…
How can I avoid or handle a tax audit in Minnesota?
Taxes are a certainty of life. No matter how one feels about having to pay taxes each year, it is unavoidable. If a person experiences a tax audit, it can be a stressful event. Fortunately, there are some measures that Minnesota families can take to minimize their chance that they will be audited and therecontinue reading…
What’s that Internal Revenue Service audit notice all about?
Does receiving an audit notice from the IRS equate to an allegation by the tax agency that you’ve done something wrong in filing your taxes? Many taxpayers might want to simply take a deep breath and try to relax upon locking eyes with IRS audit-related correspondence in their mailbox. As the agency notes on itscontinue reading…
What exactly is a correspondence audit?
As an individual or business owner, notification of a tax audit is the last thing you want to see. Even if everything is on the up and up, audits conducted by the Internal Revenue Service are still a tremendous imposition. After all, this is not something people should simply ignore; rather, it must be addressed.continue reading…
