What Happens If A Form 8300 Is Filed On You?
May 28, 2024
Receiving such a notice can be both surprising and concerning, especially if you are unfamiliar with this IRS requirement. IRS Form 8300, filed by businesses, financial institutions, or other entities, reports large cash transactions exceeding $10,000. Understanding what this form entails, why it was filed, and how to respond can help you manage the situation…
When the IRS Pursues Criminal Charges: Things You Need to Know
April 9, 2024
The Internal Revenue Service (IRS) is responsible for enforcing tax laws in the United States. While most tax issues are civil matters that can be resolved through audits, assessments, and payment plans, there are instances where the IRS may pursue criminal charges against taxpayers for serious violations. Understanding when the IRS pursues criminal charges is…
The Statute Of Limitations On Tax Evasion & Tax Fraud
March 27, 2024
Navigating the intricate landscape of tax laws and regulations involves understanding key legal concepts, including the statute of limitations on tax evasion and tax fraud. These statutes delineate the maximum timeframe within which legal proceedings can be initiated against individuals or entities suspected of tax-related offenses. In this comprehensive guide, we’ll explore the distinctions between…
Where Is My Amended Refund? How To File And Track Amended Tax Return
March 14, 2024
Filed your tax return and realized you made a mistake? Don’t worry, you can fix it by filing an amended return. Are you curious about how to file an amending tax return? Wondering about the key things to know when filing an amended tax return with the IRS and what to do after filing ones?…
Difference Between Accepted And Approved Tax Return
January 3, 2024
When it comes to tax season, many taxpayers wonder about the steps their return goes through before receiving a refund. Understanding the difference between accepted and approved tax returns is essential to manage expectations and plan finances. This guide breaks down each term, highlights their distinctions, and explains what happens between these two stages. Do…