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Showing posts from February, 2024

What are the Penalties for Tax Evasion and Tax Fraud?

If you find yourself navigating the turbulent waters of a tax fraud accusation, understanding the potential penalties and the gravity of the situation is paramount. Tax fraud, a serious offense, involves intentionally misleading tax authorities like the Internal Revenue Service (IRS) or state tax agencies by providing false information or submitting a fraudulent tax return. […] The post What are the Penalties for Tax Evasion and Tax Fraud? appeared first on Norman Spencer Law Group . Original post here: What are the Penalties for Tax Evasion and Tax Fraud?

What is the Statute of Limitations for an IRS Audit?

Understanding the IRS Audit Statute of Limitations: Key Time Limits and Exceptions in Tax Audits Understanding the complexities of IRS audits and their statutes of limitations is crucial for every taxpayer. The statute of limitations limits how long the IRS has to audit a tax return, typically three or six years. However, in some instances, […] The post What is the Statute of Limitations for an IRS Audit? appeared first on Norman Spencer Law Group . Original post here: What is the Statute of Limitations for an IRS Audit?