The chief of the IRS Criminal Investigation Division (IRS-CI) spoke recently to a group of tax professionals at an event hosted by the American Bar Association. Chief Don Fort told the tax attorneys who he was speaking to that the IRS now has two new enforcement units that are operational and that are working behind the scenes to analyze data to identify patterns and find taxpayers who are evading their U.S. tax obligations.
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When you are in the 25 percent tax bracket, this does not mean that you have to pay taxes on 25 percent of your total income that you earned.
Read MoreAs a taxpayer, it's important that you take full advantage of any tax cuts that you are eligible for. A Virginia tax attorney can help you to take advantage of tax breaks so you can save as much as possible on your taxes.
Read MoreFiling taxes can be complicated, but you're still expected to provide correct information to the IRS despite the fact that doing so is often a challenge. If you discover a mistake in your tax return from this year, or from prior years, you may need to submit an amended return to correct the errors on the forms you submitted to the Internal Revenue Service.
Read MoreFederal lawmakers are hoping to pass a tax reform bill by the end of the 2017 year. The current proposals to overhaul the tax code involve changing tax rates as well as eliminating many of the current tax deductions.
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