The Internal Revenue Service (IRS) investigation into tax crime around the pandemic-era Employee Retention Credit program is in high gear and looking into fraudulent claims. Processing of legitimate ERC remains ongoing at a slow pace.
Read MoreEach year, the Internal Revenue Service (IRS) compiles a list of prominent tax schemes that scammers use to exploit individuals and businesses. These schemes can arrive through email, text messages, and even traditional mail. This year, the IRS has...
Read MoreThe Department of Treasury is taking aim at the basis-shifting practices of partnerships.
Read MoreInvolvement in tax fraud can lead to serious financial penalties and prison. The Internal Revenue Service (IRS) uses specific terms to discuss and investigate fraud which are worth understanding from a compliance and litigation perspective.
Read MoreIf you know your tax returns or FBAR report do not quite add up, it is helpful to understand how the Internal Revenue Service (IRS) may look at potential action against you.
Read MoreSaving the best for last, the top two IRS:CI tax fraud matters of 2023 take a broad swipe at a multitude of IRS regulations from failure to file an FBAR report to money laundering, and tax fraud based on biofuel tax credits.
Read MoreEach year, the Internal Revenue Service (IRS) releases an annual list of the schemes and scams being used against U.S. taxpayers every day. It's called the Dirty Dozen. The list is of interest to those who want to avoid being scammed and to those...
Read MoreIf you receive a letter from the IRS notifying you of an audit, you may not be too worried. If you did a good job on your taxes and have a pretty good idea of your reporting, there is not an enormous reason to sweat. If you know there is potential...
Read MoreEach year, the Internal Revenue Service Crime Investigation (IRS:CI) unit releases its annual report. The report provides an inside look at the priorities, practices, and success rates of IRS:CI endeavors to reduce tax crime and encourage compliance.
Read MoreThe downward spiral of a business owner or company can be triggered by a simple letter from the Internal Revenue Service (IRS) announcing a civil tax audit.
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