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Avoid These 5 Common Tax Filing Mistakes That Can Get You in Tax Trouble

Whether you file the simple 1040EZ or a complex 1040 and a raft of schedules, making a mistake on your tax form could lead to big tax trouble. Something as simple as a math error or unsigned form could invite…

October 09, 2020

If You Make a Decent Income, Watch Out Because the IRS Plans to Audit More High-Income Taxpayers!

If you make a decent income, you better watch out because the IRS is planning to audit more high-income taxpayers according to Treasury Secretary Steven Mnuchin.  During a House Ways and Means Committee Hearing on the president’s 2020-2021 budget, Mnuchin…

July 17, 2020

Number of IRS Audits Continues to Decline

Do you worry that you will be audited by the IRS? Well, according to recent IRS audit statistics, you may be able to breathe a little easier. It was recently reported that annual IRS audit figures are down again for the…

March 23, 2017

Actor Alec Baldwin Offers to Stop Impersonating Donald Trump if Trump Releases his Tax Returns

If you are a regular reader of this blog, you are aware that President-Elect Trump has steadfastly refused to release his tax returns, bucking a 40-year trend of Presidents and Presidential candidates that have released their tax returns to the…

December 14, 2016

Did Donald Trump Admit He Could Release His Tax Returns?

As we’ve written about many times here, the call for Republican Presidential candidate Donald Trump to release his tax returns continues to grow louder. Trump has said countless times he will release his returns after the completion of a routine IRS audit…

September 07, 2016

Both Trump and Pence Continue to Refuse to Release Their Tax Returns

If you are a regular reader of this blog, you are aware that Donald Trump has consistently refused to release his tax returns, stating that he cannot release them because they are under audit by the IRS, a position that…

August 03, 2016

Proposed Legislation Would Force Presidential Nominees To Release Their Tax Returns

If you are a regular reader of this blog, you know that U.S. Presidents and candidates have voluntarily released their tax returns for nearly 40 years.   However, presidential candidate Donald Drumpf has consistently refused to release his tax returns,…

July 12, 2016

Trump Should Release His Tax Returns Says Former IRS Chief

If you are a regular reader of this blog, you know that U.S. Presidents and candidates have voluntarily released their tax returns for nearly 40 years.  According to former IRS Commissioner Mark Everson, Drumpf should, at a minimum, release his…

July 10, 2016

IRS Now Says That Audits Will Never Be Initiated By Telephone

We previously reported that the IRS has begun initiating some audits by telephone depending on the state in which you live. The IRS previously only contacted taxpayers for purposes of an audit by mail and not by telephone.  The IRS…

June 18, 2016

IRS Backpedals on First Calling Taxpayers that are Subject to an Audit

We previously reported that the IRS has begun initiating some audits by telephone depending on the state in which you live. Previously, the IRS only contacted taxpayers for purpose of an audit by mail and not by telephone.  This has…

May 24, 2016

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