Forensic accounting is a valuable tool for uncovering financial wrongdoing and can be used in a variety of legal proceedings. It is important to find a qualified and experienced professional to conduct these services. This article will discuss the basics of forensic accounting and what you need to look for when hiring a forensic accountant.
The U.S. Internal Revenue Service, or IRS, is an agency of the U.S. federal government that collects taxes and enforces tax laws. If you receive a notice of an impending IRS audit, you must take the matter seriously. The IRS is a powerful agency that has the ability to impose penalties ranging from civil fees to imprisonment for criminal tax evasion, depending on the severity of the non-compliance. This section will discuss what an IRS audit is and what to do if you receive notice of an upcoming audit.