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Avoiding an Audit

5 Expert Tips to Navigate Tax Season Stress-Free

Tax season has rolled around again, and with it comes the inevitable dread that can accompany it. Many of us fear making even a small mistake and facing consequences from the IRS. But fear not! Accountants are here to share their top tips to...

IRS Unveils Tax Reforms: Chasing Taxes, AI Audits, and Accountability for Tax Practices

In the pursuit of fair tax practices, the IRS is proactively addressing tax-related concerns among large corporate entities, partnerships, and high-income individuals. Historically constrained by budget cuts, the IRS is now implementing robust...

IRS Expands Enforcement Efforts on High-Income Individuals and Corporations

The Internal Revenue Service (IRS) shared on January 12, 2024 that it's making strides in expanding enforcement efforts targeting high-income individuals, large corporations, and complex partnerships. This is part of the agency's broader initiative...