What to Do If You Receive an IRS Summons – Foster Financial
The United States’ tax system relies on the integrity of the taxpayers. The IRS assumes that individuals and businesses file their taxes correctly unless they find an issue with a tax return. When something looks wrong to them, they either correct the issue on their own, or they take action to try to find […]
Six Major Flags that Can Lead to an IRS Audit – Foster Financial
The Internal Revenue Service (IRS) relies on data to assess your tax returns. It takes the information you provide and analyzes it against the correlating evidence provided by businesses that paid you as an employee, sub-contractor, self-employed business, or freelancer. They will also apply statistical data against your information to determine whether the deductions you’ve […]