The US Government Accountability Office or GAO recently evaluated the IRS audit selection process, and raised several concerns about political targeting, as well as selection criteria for small businesses and self employed taxpayers. The IRS audit selection process was found to be skewed and unfair according to the GAO report....
IRS May Question your 2014 Earned Income Tax Credit or EITC
The IRS has announced that many US taxpayers who claimed the 2014 Earned Income Tax Credit or EITC may receive a letter from the IRS questioning their deduction. The IRS has issued a notification that says many taxpayers will receive a 5621 Form Letter, a 5621-A or both, informing them...