In the first part of this post, we noted that the IRS uses a computer program that tries to detect the underreporting of income. The Automated Underreporter Program (AUR) seeks to identify discrepancies between the income you have reported on your tax return and...
You open your mailbox and find a notice from the IRS called CP-2000. Looking it over, it appears to be about underreporting of income. If you are like most people, you will probably have many questions.In this post, we will touch upon some of the most common questions...
A person generally doesn't want more of their hard-earned money being transferred from them to the government through taxes than is supposed to under the law. Unfortunately, the Internal Revenue Service sometimes collects from a person a tax that they didn't actually,...
Payroll taxes are a significant burden for employers. This isn't only due to the amount of taxes that must be paid. It is also the administrative aspects of withholding taxes from employees' paychecks and paying over the right amounts to the IRS at the right time.Many...
Complimentary coffee, pastries or an occasional pizza are nice perks to get from your employer. But they are generally not considered taxable income because their value is de minimis.It may be a different story, however, when an employer-provided perk is more...
