Tax audits haven’t been high on most Americans’ list of concerns lately. IRS funding cuts and staffing shortages reduced the audit rate from 0.9% in...
Taxes
All Taxes Articles
Tricky Tax Twists Following a Spouse’s Death
Nothing is certain except death and taxes—and that widows and widowers will discover that the former makes the latter more challenging. In most years, households...
Taxpayer Victories and Defeats
The IRS is always challenging taxpayers on matters ranging from business expenses to legal settlements to unusual assets. Thousands of these disputes annually wind up...
How to Fight Back When the IRS Says You Owe More Taxes
You paid your taxes—but now the IRS says that you owe more. Each year, the IRS sends out millions of notices requesting additional payments from...
Tax Rules for Closing Down a Business
You’ve seen the signs — “Going Out of Business”… “Liquidation Sale.” When you’re not involved, you can only guess what led up to it. Businesses...
