An IRS investigation is when the Internal Revenue Service reviews a person’s or business’s tax filings and financial records to check for errors or possible tax violations. It can range from a routine audit to a more serious inquiry into suspected tax fraud or evasion.
Tax fraud is the willful act of lying on a tax return or hiding income to reduce taxes owed, and it can trigger civil penalties, back taxes and interest, and in serious cases criminal charges. Common examples include underreporting income, inflating deductions, and using offshore accounts to conceal assets. This article explains what counts as
What is tax fraud? Read More »
The bank deposit method lets the IRS estimate taxable income by totaling your bank deposits and subtracting documented non‑taxable sources. It’s commonly used when records are incomplete or the IRS suspects unreported cash receipts, and unexplained deposits can be treated as income. This article explains how the method works, what evidence can rebut it, and
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