Archive by Month: November 2022

I Received a Letter from the IRS. Is It Legit?

Offshore Account Update

Posted in on November 30, 2022

When you receive a letter from the Internal Revenue Service (IRS), it is important to address the IRS’ correspondence promptly. Whether a revenue agent is simply seeking clarification or the IRS is auditing your personal or business returns, responding in an appropriate and timely manner can mitigate your risk significantly.

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New IRS Tax Gap Estimate and IRS CI FY2022 Annual Report Spotlight Taxpayer Risks in 2023

Offshore Account Update

Posted in on November 18, 2022

Two recent reports from the Internal Revenue Service (IRS) and IRS Criminal Investigation (IRS CI) highlight likely enforcement priorities for 2023. Individual and corporate taxpayers should take these potential priorities into account when assessing their tax strategies and weighing their options for addressing any outstanding reporting or payment deficiencies.

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