News & Articles

Understanding IRS Audit Guidance

Posted on Wed, Apr 24, 2019

IRS examiners usually do their homework before meeting with taxpayers and their professional representatives. This includes reviewing any relevant Audit Techniques Guides (ATGs) that typically focus on a specific industry or audit-prone business transaction.

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Tags: Audit, IRS Audit, IRS

Spring Cleaning: When Can You Purge Your Old Financial Records?

Posted on Mon, Apr 24, 2017

Feeling the urge to purge? April 18, 2017, was the deadline for individuals and C corporations to file their federal income tax returns for 2016 (or to file for an extension). Before you clear your filing cabinets of old financial records, however, it's important to make sure you won't be caught empty-handed if an IRS auditor contacts you.

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Tags: IRS Audit, Records Retention, IRS, Tax Return, Maintain Records

Can a Modest-Income Elderly Person Stop Filing Tax Returns?

Posted on Sun, Oct 05, 2014

As the Old Saying Goes: Better Safe than Sorry.

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Tags: EHTC Article, IRS Audit, IRS, Newsletter, Articles, Tax Return, Filing, IRS Filing, Taxes