Last Reviewed: Jan 2016
Last Modified: Jan 2016
An approaching presidential election has Congress playing it safe by leaving the tax code largely unchanged. Our focus for this year's Newsletter, then, will be audits; especially how to prepare for one. Full audits remain rare, and the number IRS is initiating has declined due to budget cuts, but they still occur and there are certain things you can do to best prepare yourself for this unnerving experience. Next, we provide our usual tax law update section and some insight into the problems the IRS budget cuts have created for all of us.