Tax Litigation Law Office of Scott Kauffman
(949) 474-1820

Hackney Literary Award
Mighty River Short Story Contest Winner

tax audits Archives

IRS provides guidance on Foreign Tax Credit

The Tax Cuts and Jobs Act (TCJA) led to many changes in the tax code. One example: changes to how the Internal Revenue Service (IRS) considers taxes paid to foreign countries. In the past, the agency has generally allowed individuals and businesses to take a tax credit for certain taxes paid while overseas. Although still allowed, the TCJA impacted how this credit works.

No joke: IRS may be knocking on your door

In a move that seems to provide fodder for countless “knock knock” jokes, the Internal Revenue Service (IRS) recently announced it will increase the use of in-person visits to ensure taxpayers are in compliance with their tax obligations. As a result, that person knocking on your door who says they are from the IRS may be telling the truth.

Tax experts voice concern business audits are poised to increase

President Donald Trump’s administration touted the Tax Cuts and Jobs Act (TCJA) as a major break for taxpayers. The administration stated the law, the biggest reform to the tax code in decades, would lead to big tax savings. For some individuals and businesses, it did. For others, not so much. Regardless of the impact, one concern connected to the TCJA and the many changes it resulted in within the tax code could soon become a reality: audits may increase.

Survey delves into taxpayers’ thoughts about the IRS

The Internal Revenue Service (IRS) recently conducted a survey of taxpayers. The survey, tilted the Comprehensive Taxpayer Attitude Survey (CTAS), focused on taxpayer’s feelings regarding their tax obligations and included a review of 2,008 responses from the general public.

New report finds IRS audits are on the decline

A recent report finds the rate of audits conducted by the Internal Revenue Service (IRS) is on the decline. This is particularly surprising when taking into account the tax gap, or difference between the amount of taxes the Internal Revenue Service (IRS) should have collected and the amount actually collected from taxpayers is 82%.

Slower start to 2019 tax season

The IRS did a commendable job of starting the 2019 tax season on time. Generally, one of the peaks in the season occurs right away with those expecting refunds wasting no time to get their money back.