How to Deal with an IRS Correspondence Audit

By Top Tax Staff

Nobody looks forward to receiving a notice from the IRS, especially one that says audit. However, of the three types of audits the agency performs, there is one you can almost be happy about — a correspondence audit.

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Will 2020 Be the Year of the Audit?

By Top Tax Staff

Telling people not to panic at the threat of an IRS audit is like telling a Kardashian to avoid self-promotion. It’s an impossible dream. Now the powers-that-be are saying the chances of an audit (even though they’re already pretty small) may increase in 2020.

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10 Easy Ways to Help Avoid an Audit

By Top Tax Staff

IRS audits are the worst, aren’t they? So, it pays to avoid them if at all possible. The best advice is to be entirely and totally honesty on your tax returns. Otherwise, if you follow these 10 tips, you could keep the IRS from knocking on your door in the near future.

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What to Expect from the IRS in 2020

By Top Tax Staff

Every so often, the IRS itself is audited to make sure it’s following all the rules, regulations, and laws effectively and efficiently. Most businesses should do something similar to make sure nothing falls through the cracks. But when it’s the IRS, the results of resolving an audit issue can have ripple effects.

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Divorce Made More Difficult – New Tax Changes to Alimony

By Top Tax Staff

The Tax Cuts and Jobs Act of 2017 created significant changes in exemptions, deductions, and credits for your federal taxes. One change you may not have noticed is the way alimony is treated.

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What REALLY Happens if You Don't File Your Taxes

By Top Tax Staff

If you somehow missed all the clues that Tax Day was April 15 (every year), or all the specials from tax preparers running up to this year’s Tax Day, you may be wondering what to do now.

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A Roundup of Our Top 5 Most Popular Posts of the Last Tax Year

By Top Tax Staff

Taxes become more complicated every year, and it doesn’t look like that trend will end anytime soon. We have gathered some of the most popular posts of the last tax year so you can get an idea of the kind of problems people are trying to solve and to put some of our most valuable advice in one spot.

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Top 8 Reasons the IRS Will Audit You

By Top Tax Staff

If you have already filed your taxes for this year, cross your fingers that none of the following applies to your return. If you have not, you still have a few days to make sure you minimize your chances to be selected for an audit by the IRS.

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The Sales Tax Audit Survival Guide

By Top Tax Staff

Have you received notice of an audit from a state or government agency? If so, you might be wondering what to do next. An agency might request a sales tax audit to review a private company’s accounting information. By sending an auditor to complete a thorough examination of accounting and information related to your business, an audit serves to identify discrepancies in your business data.

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Is the IRS Using Data to Find Audits?

By Top Tax Staff

Each year's tax season always brings with it the possibility of the IRS auditing your return. Even if you believe you have filed your taxes correctly and rightfully paid what you owed, you still may find your tax returns singled out for review. You can prepare yourself now for this minute but possible chance by understanding how the IRS uses data to select returns for auditing.

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