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IRS Audits Frequently Focus on Freelancers

For years, the American marketplace has been evolving toward a workforce in which more and more people are not traditional employees. The ranks of contractors, freelancers, consultants and assorted vendors have grown for many reasons, and the downsizing unleashed by the Great Recession only accelerated this trend. There are many […]

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Audits

Take Proactive Steps to Minimize Chances of IRS Audit

Be proactive, Stephen F. Covey urged his readers in “The Seven Habits of Highly Effective People.” Over twenty years after the book’s firs publication, this remains excellent advice. Applying it to tax preparation makes good sense, too. This includes taking all reasonable steps to avoid IRS audits. Some of those steps […]

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Audits

IRS Increases Use of Automated Systems to Scrutinize Tax Returns

The digital revolution is underway everywhere in America. The payment of taxes, and the administration of the tax system by the IRS, are certainly not exceptions to this. In fact, increased use of technology may make IRS tax audits more likely. According to a recent report by the national taxpayer advocate, the […]

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Audits

Free tax help options in the Dallas-Fort Worth area

Once again it is tax season in the United States. While you have until April 17 to get your tax return submitted to the IRS, the sooner you file, the sooner you will see your return. Despite the monetary incentive, filing taxes is no walk in the park. It can […]

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IRS

Foreign assets in IRS’s crosshairs

Texans gearing up for April’s tax return filing deadline should be aware of recent modifications made to laws regarding taxes on foreign assets. In 2010, U.S. Congress passed the Foreign Account Tax Compliance Act (FATCA), which changes how the IRS verifies tax return data. IRS agents will now have increased […]

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IRS

IRS Announces Increase in Number of Audits

No one in Texas hopes to get a notification telling them their tax return is being audited. The very mention of an audit is dreaded by most people. Not only that, but if an audit is not handled properly, it can be extremely stressful and sometimes result in an even bigger tax […]

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Audits