Forbes

IRS Can Audit Your Taxes Forever If You Miss A Key Form

A stock photo of a Red Audit stamp on a 1040 US individual income tax return. Photographed at 50mp with the Canon EOS 5DSR and the 100mm 2.8 L lens. If you fail to file a required Form 5471, your ...
Forbes

IRS Can Audit You For 3 Years & Often Longer, Here’s How To Tell

Concept image for filing federal income taxes online and being audited. Computer keyboard, calculator and pen are placed on income tax form 1040. The 'word' AUDIT is stamped on the form 1040. Tax ...
Forbes

IRS Audit Period Is 3 Years, 6 Years, Or More. Here’s How To Tell

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.
Forbes

Scariest Tax Form? Skip It, And IRS Can Audit Forever

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Tax lawyers and accountants spend some of their time monitoring ...
JD Supra

IRS Initiates a Compliance Campaign for U.S. Persons with respect to Certain Foreign Corporations

IRS Form 5471 is used by certain U.S. persons who are officers, directors, or shareholders in certain foreign corporations and must be attached to a covered Taxpayer’s Tax Return. On April 16, 2019, ...