tax liability

December 23, 2019

How Large is the Federal Tax Gap, and Why Should Noncompliant Taxpayers Be Concerned?

If you follow tax news, business, or politics, you’ve probably heard about the tax gap and ways it could be addressed. For those who are unfamiliar […]
February 8, 2017
Don't get burned by Understating Tax Liabilities and Overstating Refunds

Taxpayers and Tax Preparers Alike Can Be Burned When Understating Tax Liabilities and Overstating Refunds

For at least some taxpayers and tax preparers, their foremost goal is minimizing or eliminating the taxes that they or their clients owe. For taxpayers, this […]
October 5, 2016

What is an Eggshell Tax Audit?

An Eggshell Audit is an audit of a return, either by correspondence audit or office audit or field audit where there have been material statements within […]
August 6, 2015

Legal Resident vs. Tax Resident

The debate over whether Congress should reform the nation’s immigration policies presents a timely opportunity to discuss the difference between immigration residency and tax residence.  To […]