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There’s only one thing that everyone loves more than paying taxes—being audited. All right, maybe not. Still, because the IRS frequently uses randomization to determine which returns to audit, every taxpayer faces the possibility of an audit each year. Being audited is not necessarily a bad thing. Many people believe that they could face jail […]

Sure, no one likes to pay taxes. Tax evasion is a serious crime, but that doesn’t stop some people from trying to get away with it. Some cases of tax evasion are so brazen that it seems inconceivable that the perpetrator thought they could get away with it. These particular cases of tax evasion have become notorious,

The old cliché is true: The only sure things in life are death and taxes. You only have to die once, but you do have to pay taxes every year. If you fail to pay your taxes on time, you could face serious charges of tax evasion. Tax evasion is when an individual or a

In today’s world, there are many ways to earn a little extra money. One is through participating in the sharing economy through things like selling goods or services via one’s computer or cellphone. Participating in the sharing economy can provide some interesting income opportunities. However, it is important to remember that engaging in these activities

There are many different tax deductions for small businesses. They can have significant financial benefits for small business owners. So, there may be a temptation for business owners to take as many deductions as they can every tax year. However, it can be important for a company owner to exercise care when it comes to

Taxpayer interactions with Internal Revenue Service officers and other IRS employees can involve very high-stakes tax issues. IRS workers can have a lot of power within these interactions. So, what happens in these interactions and how responsibly IRS employees act in their use of this power during the course of them can be very impactful

In recent years, the news has been full of reports of data breaches. So, data security and the risk of the theft of one’s personal information may be on the front of many people’s minds these days. Given the major role personal information plays in the tax filing process, there are many concerns related to

There are many reasons why leaving a federal tax debt unaddressed for a long period of time can be very problematic for a taxpayer. One is that unpaid federal tax debts gather interest. This interest generally gathers daily. It applies to the underlying debt and the penalties and past interest connected to such debt. One

Taxes can put burdens on a person. This is among the things that might lead some to assume that Americans, generally, hate taxes. However, data and research paint a different picture on how Americans view taxes. For one, it appears that a large majority of Americans see paying taxes as a key part of their