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November 2014 Archives

Can the IRS tell the difference between fraud and negligence?

We're humans, we make mistakes. But while some mistakes can be harmless, others have costly consequences. Take for example a mistake on your taxes. Even if you think you've dotted all you I's and crossed all your T's, you may still come to find that you have made an error. You're not alone if you do though. The complexity of the tax code makes this inevitable, albeit a massive headache when it does occur.

That IRS business audit can be a bit of a slippery slope

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.

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