Abuse of Business Tax Credits is a Top Concern for the IRS

(CPA Practice Advisor) Improper claims for business credits can result in the IRS taking a closer look at your return, or even conducting an audit. The nation's taxing agency has included that error on its annual “Dirty Dozen” list of tax scams for the 2016 filing season."The IRS is committed to stopping the improper use of business credits and catching the promoters of erroneous claims," said IRS Commissioner John Koskinen.Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter any time but many of these schemes peak during filing season as people prepare their returns or hire people to help with their taxes.

READ MORE


Featured Posts
Recent Posts
Archive
Search By Tags
No tags yet.

home  |  about us  | services  |  news & updates  | contact

 

© 2015-2016 by William Kim CPA & Associates PC (Kim & Kang CPAs LLP)