A former Atlanta Hawks executive’s embezzlement case shows why strong internal controls, expense oversight, and segregation of duties are critical for every business.
Audit
Understanding the Types of IRS Audits: Why Professional Help is Essential
Understanding IRS audits – Correspondence, Office, and Field – and why professional help is crucial for a smoother, more favorable outcome.
The IRS Is Tackling Tax Evasion With AI
Discover how the IRS is using AI for tax enforcement and the challenges it poses for taxpayers and professionals.
IRS Alters Audit Focus
IRS targets tax non-compliance with AI, focusing on high-income taxpayers, digital currency users, and Employee Retention Credit claims. They aim for fairness and compliance among all income groups.
Worried About Getting Audited? Here’s What You Need to Know About Your Chances
Learn about the odds of getting audited by the IRS and how claiming the Earned Income Tax Credit (EITC) can increase your chances of getting audited. With increased funding for the IRS, consulting a financial professional when filing your taxes is more important than ever.
The IRS May be Getting a Massive Budget Increase. Will It Impact the Audit Rate?
Congressional Budget Office announced a proposal to increase funding for the IRS. Does that mean that more people are about to get audited?