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Archive by Month: May 2023

If I Cash My Paycheck, Will the IRS Find Out?

Articles/News, Offshore Account Update

Posted in on May 31, 2023

When it comes to dealing with the IRS, all taxpayers need to be careful. Unfortunately, there is a lot of misinformation out there, and if taxpayers rely on bad advice, they can find themselves facing an expensive tax audit—or even a criminal tax fraud investigation.

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Setting Expectations for Partnership Tax Audits

Articles/News, Offshore Account Update

Posted in on May 19, 2023

When preparing for a partnership tax audit, it is important to know what to expect. Successfully navigating a partnership tax audit requires careful planning and preparation, and it requires the ability to engage effectively with the Internal Revenue Service (IRS) throughout the process. With this in mind, here is an overview of what partners can (and should) expect after receiving a Notice of Selection for Examination (Letter 2205-D) from the IRS.

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