What you need to know about tax audits
Causes of IRS audits
While Minnesota residents should not be overly concerned about being audited by the IRS, they should be aware of what could prompt an audit. There are multiple factors that can initiate a review of a return.
Supreme Court will determine overreaching claim in a tax case
As many in Minnesota know, a number of crimes are associated with filing a tax return. It can be a crime to willfully fail to file a return, knowingly file a fraudulent return and obstruct justice during an investigation. However, the Supreme Court will now determine whether destroying business records without an ongoing investigation or audit can be considered obstruction of justice.
