How Far Back Can The IRS Audit You?

How Far Back Can The IRS Audit You?

An IRS audit examines an organization’s or individual’s financial records and transactions to confirm that they have been accurately reported in compliance with tax laws and that the correct amount of tax has been declared. So, how far back can the IRS...
How Early 401(k) Withdrawal Contributes to Tax Debt

How Early 401(k) Withdrawal Contributes to Tax Debt

While a 401(k) is not an absolute guard against potential hardship, it is an ideal way for you to secure the later years of your life. Carefully following 401(k) regulations can also prevent the accumulation of tax debt and IRS penalties. What is a 401(k) Plan? A...