BA Harris LLP

The Dreaded IRS Notice

Published on Thursday, July 19, 2012

In an attempt to close the $450 billion tax gap, which is the difference between what is collected and what would be collected if the tax system had 100% compliance, the IRS has initiated a number of different procedures.  Among these procedures is a drastic increase in the volume of IRS notices that it sends to taxpayers. Read More...

What If Your Employer Doesn’t Give You a W-2?

Published on Thursday, February 02, 2012

This isn’t a problem that arises often. When it does, it typically happens to your child. They may have had several jobs during the summer and perhaps the employer didn’t get an accurate address. The business may have failed, which is not unusual in our current difficult economic environment. It can also happen to adults for a variety of reasons. The IRS recently published a “tax tip” dealing with this issue and we thought it was relevant and timely enough to pass it on! Read More...

What would you like to know about Living Trusts?

Published on Monday, January 23, 2012

Trusts often sound like something just for the wealthy but that is not true! Here are some useful facts about Living Trusts: Read More...

FAFSA and 2011 Tax Reporting

Published on Wednesday, January 18, 2012

It’s that time of year again! Not only is it tax season but for those with college bound students it’s FAFSA reporting time! Read More...

Statistics on IRS Audits-Fiscal Year 2011

Published on Monday, January 16, 2012

Individuals

The IRS audited one in eight individuals with incomes over $1 million in fiscal year (FY) 2011. While the overall audit coverage rate for individuals remained steady at just over one percent, the audit coverage rate for higher-income individuals experienced growth in FY 2011.

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