What Are Back Taxes?

What Are Back Taxes?

Back taxes are sums of money that people or companies owe to the government from past years. This money is from income that was not taxed properly when it should have been. Understanding what back taxes are is the first step for anyone who needs to pay them. Every...
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...