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The agency’s growing workload and declining resources has led to an overuse of automated processes to adjust tax liabilities and communicate with taxpayers.

Today’s financial markets, economy, and banking industry hang on the decisions made by Federal Reserve Chairman Jerome Powell.

Therefore, to obtain the best tax treatment, taxpayers must time their expenditures and document how proceeds are spent.

The end of the year provides an ideal opportunity to reflect on the status of your personal finances and review your evolving goals and objectives for the year ahead.

While the purpose of all audits is to verify sources of income and validate deductions, exemptions, and credits, there are three basic types of IRS audits.

There are no great secrets where tax planning and tax cutting are concerned. The principles around which all tax-cutting strategies revolve can be reduced to six basics.

When entertaining clients or traveling on business, you may be eligible for Federal income tax deductions on a portion of your expenses that are not reimbursed by an employer.

Businesses are permitted to deduct a wide range of expenses, but many small business owners may be unaware of the full range of the deductions they are entitled to claim.

How long should you hang on to all those income statements, receipts, and canceled checks? You know you need to keep some or maybe all of those papers—but, which ones and for how long?

You have the right to information and assistance in complying with the U.S. tax laws. In addition to the basic instructions provided with tax forms, the Internal Revenue Service (IRS) makes a great deal of other information available.