Posts Tagged ‘CNN Money’

Under Audit? What Every Taxpayer Should Know About IRS Tax Audits

Tuesday, July 6th, 2010

I recently read an article on CNNMoney.com written by Beth Braverman titled “5 things to know about getting audited.” I am always looking for helpful resources for my readers, so I wanted to share this IRS tax relief advice with you.  Here is a quick summary of the 5 tips discussed in the article.
1. Audits are on the rise
After filing your taxes, there’s always reason to wonder: Will the taxman
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Tax Help For Business Owners As IRS Cracks Down on Independent Contractor Classifications

Monday, April 5th, 2010

A recent CNN Money article cautioned business owners about classifying their employees this tax season as the IRS cracks down on proper classification of employees.
The Internal Revenue Service launched a program last month that will randomly examine 6,000 companies over the next three years for employee mis-classifications. The federal government estimates it will raise $7 billion over the next 10 years through tighter enforcement.
Employers must beware of the federal and
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Tax Help Guide: How to Avoid an IRS Audit When Uncle Sam’s After You

Wednesday, February 24th, 2010

With the April 15th deadline fast approaching, taxpayers need to stay vigilant about what they report (and don’t report) on their tax returns in order to avoid being audited by the IRS or incurring heavy IRS penalties.
CNNMoney released an article recently that outlines several helpful tips for taxpayers to heed in order to prevent getting audited by the IRS. It’s important for taxpayers of all income brackets to realize that
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Tax Help News: 13% of Americans Find Tax Evasion Acceptable as IRS Audits Increase

Tuesday, February 23rd, 2010

The economy is still tough on most taxpayers as the April 15th tax filing deadline approaches. While the IRS is strapping in all they’ve got to collect as much tax revenue as they can, a recent report by CNNMoney.com reveals that some 13% of all Americans find it acceptable to cheat on their taxes in order to save money.
Since the government has been trying to help struggling taxpayers with various
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