Tax Advisor Barry G. Fowler, Tells Targets of IRS Audit That Timing and Excellent Counsel Are Crucial
Barry G. Fowler, EA, leading expert in tax resolution issues and CEO of Taxation Solutions, says under-reporting income can trigger IRS audit and can turn lives upside down for a much longer time than the usual statute of limitations.
Houston, TX – June 1, 2015 – Barry G. Fowler, CEO of Taxation Solutions, posted a new article entitled “Have you been under-reporting your income to the IRS?” in which he elaborates on the statute of limitations for various aspects of under-reporting income to the IRS.
Fowler asks, “Are you the target of an audit for allegedly under-reporting income to the IRS? “ He goes on to advise, “Professional help by an experienced tax attorney is a must in this type of situation. A little bit of understanding may also come in handy before you get sucked into the unraveling of your tax returns.”
According to Fowler, “A recent Forbes article points out the value of knowing how far back the IRS can ask taxpayers who have been hiding or under-reporting income to prove income, expenses, bank deposits and more. Just be aware,” he adds, “the normal three-year IRS statute of limitations does not apply. When it comes to tax evasion or fraud, as the article states, “the IRS can turbo-charge a case.”
The entire article can be read at https://www.taxationsolutions.net/have-you-been-under-reporting-your-income-to-the-irs/
About Barry G. Fowler, EA
Barry G. Fowler founded Taxation Solutions out of a genuine concern for the IRS issues his clients face, many of whom are self-employed, contract employees, or entrepreneurs. For his contributions to his profession and expertise in tax resolution and financial planning, Fowler has been featured as one of America’s Trendsetters on CBS and Yahoo, and as a Premier Expert in Inc. Magazine. He has been instrumental in helping hundreds of people resolve complex tax issues with the IRS.
Fowler is licensed to represent taxpayers before the Internal Revenue Service, and is a longstanding member of several tax industry professional organizations: NAEA, NATP, TSEA, ASTPS.