New IRS Audit Rules

It’s not joke that no one wants to be audited. Because it is a serious thing knowing how long your tax return can be attacked is important. Traditionally, the primary IRS statute of limitations was three years however, there are many exceptions that give the IRS six years or longer. That’s right…or longer….

The IRS’s list of tax cheats and scoundrels

The IRS-CI unit has cracked down on thousands of tax cheats, fraudsters, money launderers and identity thieves, according to its 2015 annual report. And it managed to get about 3,000 convictions, many with stiff prison sentences and steep court-ordered restitution payments. So who did they grab? Petty criminals and fraudsters, and…