What are the chances I’ll be audited by the IRS?
Tag Archives: IRS
If you make a lot of money, there is a good chance you’ll be audited sooner or later but not so much the case for the average taxpayer. Audit risk is not something average taxpayers need to worry much … Continue reading
Yes, of course, the IRS is audited. That’s the job of the Treasury Inspector General for Tax Administration. This is an office in the Department of the Treasury, not an individual person. We call them “TIGTA” for short. TIGTA puts … Continue reading
The IRS is aware that bitcoins are being used to evade taxes. The IRS recently sent a summons requesting information to Coinbase, the largest US Bitcoin exchange. It asked for the records of all customers who bought bitcoins from them. … Continue reading