The IRS has alerted taxpayers that there is a new twist on an old phone scam. Criminals are using telephone numbers that mimic IRS Taxpayer Assistance Centers (TAC) to trick taxpayers into paying fake tax bills. Scam artists have programmed their computers to display the TAC telephone number, which appears on your caller ID when the call comes through.
If you claim the mileage deduction on your tax return, you need to be able to back it up with an adequate mileage log in the event of an IRS tax audit. Failure to do so could prove costly. Alvaro Velez learned this the hard way.
For years, IRS audit rates have been declining as Congress has cut the IRS budget and its workforce has shrunk. The agency has relapsed its audit statistics for 2017, which marked the sixth consecutive year that audit rates have gone down.
If you owe the IRS taxes and have a substantial outstanding balance, there are several legal means the government uses to get those past due taxes paid. Continue reading to find out how this may impact you and your future travel plans.