Taxesq - IRS Audit and Business Tax Estate Attorney Cherry Hill NJ

IRS is Increasing Audit RatesThe IRS is greatly increasing the rate of tax audits on higher income taxpayers and businesses. The audit rate started dropping in 1998 because of restructuring at the IRS. It bottomed in 2000, when just 0.5 percent of individual tax returns...

Congress passed a new law increasing nuisance penalties against businessees:Failure to File Partnership Returns Will Be More Costly. The new law extends the period for charging the monthly partnership return failure-to-file-penalty from 5 to 12 months and increases the monthly per-partner penalty from $50 to...