by Levins Tax | Aug 16, 2022 | Uncategorized
[ad_1] 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...
by Levins Tax | Aug 15, 2022 | Uncategorized
[ad_1] 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...
by Levins Tax | Aug 10, 2022 | Uncategorized
[ad_1] 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...
by Levins Tax | Aug 10, 2022 | Uncategorized
[ad_1] Federal law requires American taxpayers to report their employment, income and other tax obligations to the Internal Revenue Service (IRS) annually. Intentionally failing to satisfy these filing requirements can have severe consequences. In this post, we look...
by Levins Tax | Jul 29, 2022 | Uncategorized
[ad_1] Depositing money in a bank in a foreign country is not illegal. Some people may prefer to use offshore accounts for various reasons. However, the Foreign Accounts Tax Compliance Act requires all foreign entities to report on foreign assets held by U.S....
by Levins Tax | Jul 29, 2022 | Uncategorized
[ad_1] As part of its look to the future, the Internal Revenue Service recently released its strategic plan. The plan aims at making updates to customer service as well as how it handles aspects of administration. The plan covers fiscal years 2022 through 2026. Here...
