Legal Topic: Tax Audit

Chicago Tax Lawyer

Should I Fully Disclose To the IRS?

Taxpayers who fully disclose income and assets to the IRS can receive assistance through the Voluntary Disclosure Program.

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Can I Just Pay the IRS and Close the Audit?

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Tax Law: Will an audit affect my credit score

Does An IRS Audit Impact My Credit Score? [infographic]

Can an IRS audit affect your credit score. It's not a simple "yes or no" answer. After the jump, we explain the relationships between audits and credit.

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Chicago Law Blog: Tax Law Help

The IRS Found My Foreign Holdings: Now What?

If you have money or material holdings in a foreign country, the IRS wants to know about it. And if you don't tell, the consequences can be catastrophic.

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Tax Law Blog: unreported income

What Happens If I’ve Failed To Report Income?

Failing to report income can result in severe penalties. You must account for all income and it is rare for the IRS to waive penalties on unreported gains.

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Tax Lawyer Blog: Beyond a Reasonable Doubt Tax Crimes

What must the government prove to establish my guilt?

Sometimes, tax controversies rise to the criminal level. But it does take more than just negligence to get thrown in jail for tax crimes.

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tax law blog: fraudulent tax deductions

Fraudulent Tax Deductions: Can I Go To Jail?

What happens if you make fraudulent tax deductions? The IRS can hit you with hefty fines and even throw you in jail for a few years.

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Illinois Tax Lawyer: Audit Red Flags

Red Flags That Increase the Chances of a Tax Audit

The Internal Revenue Service audits a certain number of individuals a year. Some people are more likely to be targeted than others.

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Chicago Law Blog: Tax Penalties

Tax Penalties: A Quick Overview

Tax problems happen. And when they do, the penalties can be severe. Jump through for a quick overview of tax penalties and possible solutions.

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