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There are 11 results found for "Surviving an Audit".
Wesley Snipes’ battle with the IRS isn’t over just yet. The Blade actor may have been acquitted of tax fraud and conspiracy on Feb 1, but he is scheduled to be sentenced on April 24 on three counts of failing to file a tax return.
Here are ten ways you definitely shouldn’t do it particularly if you, say, want to avoid an audit, or worse...
The IRS is after Michelle Williams' father for back taxes. Make sure your tax team is in place before you file this year.
Lindsay Lohan crashed again this week. To be more specific, fans searching for nude images of the actress posing as Marilyn Monroe overloaded New York Magazine’s website, causing a temporary systems crash and extreme downloading delays.
Bono and celebrity friends joined the fight against AIDS in Africa by raising more than $42 million on Valentine's Day. The (RED) charity featured 82 pieces of “love” or “red” themed artwork from over 68 contemporary artists. Stars bid on this art and they may be rewarded for their generous spirit come tax season.
J.R.R. Tolkien's estate is slated to battle New Line Cinema for $150 million. The Tolkien Trust is asking for an audit New Line’s financial books.  Are you prepared in case of an audit? Do you have the proper personal financial recording system in place?
Wesley Snipes is in big trouble...and it has nothing to do with pesky vampires. The IRS is charging Snipes with tax evasion. Between 1999 and 2004, the actor generated $38 million in revenue and did not pay a cent to Uncle Sam. Snipes argues that he is not trying to defraud the government. Instead, he is part of a fringe group referred to as tax deniers; people who find taxation unconstitutional. Snipes believed he was receiving sound financial advice from this group.
Just hearing the word “audit” is enough to make most taxpayers shudder. Having an IRS official poke through your tax for careless mistakes (or worse, evidence of fraud) may sound frightening, especially when you consider that audits are on the rise; more than double the number have been conducted in 2007 as in 2000. To lower your odds of being visited by the taxman and save money on court costs and legal fees, follow these easy-to-implement suggestions.

You’ve received that most dreaded piece of mail: A letter from the IRS informing you that you have been selected for a tax audit. Before you start imagining yourself serving time in the big house for tax fraud, remember that not all audits turn out badly. If you’ve kept good records, engaged in efficient financial planning and were honest on your tax return, the experience will likely be little more than an inconvenience. Here are a few simple steps you can take to help the IRS do its job as efficiently and painlessly as possible.

Death and taxes are unavoidable. Fortunately, it's possible to get help when dealing with the IRS. For many taxpayers, getting tax assistance can save money, time, and headaches. Whether you need to survive an audit, file a tax return, or make enough deductions to qualify for a big refund, here’s a guide to finding expert tax advice.

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