When filing your income tax return, it goes without saying that you want to avoid mistakes. Doing so gives you peace of mind, while also reducing the risk of an audit. But of course, the IRS may still find reason to take a closer look at your return. If you’re...
Tax Fraud
WHAT IS THE IRS VOLUNTARY DISCLOSURE PRACTICE?
The legal duty of taxpayers to fully comply with federal tax laws is the foundation of “Voluntary compliance” in the American tax system. Most taxpayers, in fact, voluntarily comply with this duty, however, there are always some that fail. The IRS has an impressive...