Big Companies are Managing to Escape Taxman’s Net

The auditing of tax returns of big companies has decreased in the last few years even though the federal government has reiterated many times that it will crackdown on the big guys who are trying to decrease their tax liabilities. Last year, only one-fourth of the big league companies were audited. [Read more…]

IRS to Hold 1,000 Open Houses & Offers Assistance to Taxpayers in Distress

RS Commissioner Douglas Shulman has announced 1000 open houses at various venues across the country to allow distressed taxpayers to meet IRS officials and get a potential resolution to their tax troubles. The list of the venues and time of these open houses is given on the IRS website. [Read more…]