Tax season is upon us. Taxpayers throughout the country are likely organizing tax forms and getting the new paperwork or computer programs ready for the upcoming filing deadline.
Recent tax crime convictions highlight severity of penalties
Fraud against the Internal Revenue Service (IRS) can come with serious penalties. A couple of recent cases provide examples:
IRS and tax audits on 2018 filings: Avoid these common red flags
The Internal Revenue Service (IRS) is up and running after the recent government shutdown. Although another government shutdown may be in the future, a recent publication by CNBC notes the temporary closure of the office is not likely to result in a decreased audit risk. This is because the agency has implemented various technological advances to review returns and flag discrepancies.
