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IRS audit rate significantly increase as income rise

By Deputy Commissioner Sunita Lough Few things can generate as much taxpayer concern, confusion and controversy as an IRS audit.…
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Why am I being selected for an IRS audit?

IRS audit From website IRS Audits | Internal Revenue Service An IRS audit is a review/examination of an organization's or…
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Syndicated Conservation Easement Transactions

This notice describes certain transactions in which some promoters are syndicating conservation easement transactions that purport to give investors the…
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Major/Minor Tax Avoidance Using Offsetting Foreign currency Option Contracts

From Listed Transactions | Internal Revenue Service (irs.gov) Notice 2003-81 PDF - Offsetting Foreign Currency Option Contracts (certain transactions in which a taxpayer claims…
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Penalties Associated with Reportable Transactions

§ 301.6700 Promoting Abusive Tax Shelters The penalty is for a promoter of an abusive tax shelter and is generally equal…
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