IRS Audits-How do they Choose the Target?

Many believe that returns filed later in the season are less likely to be audited. That’s an urban legend. All returns, whenever filed, are scanned for arithmetic errors and scored against top-secret internal algorithms. The higher the score, the more likely the...

Filing an extension for your taxes

Many are concerned that filing an extension can cause a red flag or increase chances of an audit.  That is simply not true.  Extensions are used all of the time by families, individuals and businesses. If the gathering of your paperwork is rushed or if you really...

Tax “Saving” Arguments that Never Work

The IRS was nice enough to compile a list of arguments that will never work.  They are considered “frivolous”.  The courts tend to agree and both tend to look at these strategies as willful attempts to evade or defeat taxes, often leading to increased...