The Dreaded IRS Notice
In an attempt to close the $450 billion tax gap, which is the difference between what is collected and what would be collected if the tax system had 100% compliance, the IRS has initiated a number of...
Read POSTWhat If Your Employer Doesn’t Give You a W-2?
This isn’t a problem that arises often. When it does, it typically happens to your child. They may have had several jobs during the summer and perhaps the employer didn’t get an accurate...
Read POSTWhat would you like to know about Living Trusts?
Trusts often sound like something just for the wealthy but that is not true! Here are some useful facts about Living Trusts: A Living Trust is set up while you are still alive. It is a tool used to...
Read POSTFAFSA and 2011 Tax Reporting
It’s that time of year again! Not only is it tax season but for those with college bound students it’s FAFSA reporting time! FAFSA is the Free Application for Federal Student Aid...
Read POSTStatistics on IRS Audits-Fiscal Year 2011
Individuals The IRS audited one in eight individuals with incomes over $1 million in fiscal year (FY) 2011. While the overall audit coverage rate for individuals remained steady at just over one...
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