President Donald Trump’s administration plans to consider almost all illegal immigrants subject to deportation, but will leave protections in place for immigrants known as “dreamers” who entered the United States illegally as children, according to official guidelines released on Tuesday. The Department of Homeland Security guidance to immigration agents is part of a broader border…
Taxpayers often have radically different opinions of the Internal Revenue Service than tax professionals — which offers practitioners some opportunities. The taxpayers you work with may not talk about the Internal Revenue Service much, but look at it this way: If they didn’t have some kind of feeling about the IRS, you’d probably never meet…
In many cases, IRS can audit 6 tax years not 3. So if you are thinking you only need to look over your shoulder for three years, that isn’t always so. For example, the usual three years is doubled to six if you omitted more than 25% of your income. Note that if you overstate your cost basis…
