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February 2016 Archives

Tax audit priority: High earners, S corps and partnerships

With no funding increase since 2000, the Internal Revenue Service has lost approximately a quarter of its enforcement officers. Fewer staff has tended to correlate with reductions in collections. This was the case last year as collections dropped to $52.4 billion from $57 billion the prior year.

What are the requirements for innocent spouse relief?

Divorce filings spike at the beginning of the year. Depending on how long it takes to obtain a final divorce decree, you may still need to file taxes together for a year or two. If you did not control the family finances during marriage, unpleasant tax surprises might come up in the divorce process.

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