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When the IRS Pursues Criminal Charges: Things You Need to Know

April 9, 2024

The Internal Revenue Service (IRS) is responsible for enforcing tax laws in the United States. While most tax issues are civil matters that can be resolved through audits, assessments, and payment plans, there are instances where the IRS may pursue criminal charges against taxpayers for serious violations. Understanding when the IRS pursues criminal charges is…

The Statute Of Limitations On Tax Evasion & Tax Fraud

March 27, 2024

Navigating the intricate landscape of tax laws and regulations involves understanding key legal concepts, including the statute of limitations on tax evasion and tax fraud. These statutes delineate the maximum timeframe within which legal proceedings can be initiated against individuals or entities suspected of tax-related offenses. In this comprehensive guide, we’ll explore the distinctions between…

Where Is My Amended Refund? How To File And Track Amended Tax Return

March 14, 2024

Filed your tax return and realized you made a mistake? Don’t worry, you can fix it by filing an amended return. Are you curious about how to file an amending tax return? Wondering about the key things to know when filing an amended tax return with the IRS and what to do after filing ones?…

Tax Season 2024 Changes: What Will Be Different This Coming Tax Season?

December 29, 2023

The IRS wants to make sure you’re ready for the next tax season in 2023. They’ve given some important tips to help you prepare for the upcoming changes to federal taxes. Here’s what’s new, and what you should keep in mind before filing your taxes next year. In 2024, the federal income tax brackets and…

What Is Tax Compliance And Why Is It Important?

November 17, 2023

Tax compliance is all about playing by the rules when it comes to taxes. Whether you’re an individual or a business, it means following the laws and guidelines set by the government to report your income and pay the right amount of taxes. Staying on the right side of tax compliance helps keep things fair…

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