Tag: irs audits

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IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018

January 17, 2019
IRS Updates
IRS Updates/ Uncategorized
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The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

IRS Audits

January 11, 2019
An IRS audit is a review/examination of an organization’s or individual’s accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct. Why am I being selected for an audit? Selection for an audit does not always suggest there‚Äôs a problem. […]
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