What happens after filing false tax returns

All American taxpayers need to report their income, employment and other tax obligations to the IRS. Federal law expects you to file accurate taxes every year and failure to do this leads to severe consequences. Below are penalties for failing a false tax return and...

Proposed IRS funding may affect auditing

With a spending plan heading towards a House vote, many are looking at one specific hot topic. That’s IRS funding of $80 billion with a little over half of that set for “enforcement,” the audit process. Many worry about increased “audit security on small business or...

What to do if your tax preparer makes a mistake

Many people hire a tax preparer to make sure their taxes are done quickly and on time. Unfortunately, hiring a professional does not guarantee that your income tax return will be completed error free.  Even if the error in your taxes is the fault of your preparer, the...