Lance Wallach National Society of Accountants Speaker of The Year

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    Have you seen the commercials where certain companies advertise that they can settle an IRS debt for 'pennies on the dollar'? Usually the offer is too good to be true. Besides, you never want to have the problem in the first place. The chances of an individual being audited have approximately doubled since 2000. So you need to be careful with your tax return.
    IRS officials say research has shown that tax 'noncompliance' typically is highest among people who work for themselves, who deal in large amounts of cash, who dont have taxes withheld from their pay and whose income isnt reported separately to the IRS, such as by their employer.
    Another area that the IRS has been focusing on for noncompliance is S corporations. With a typical S corporation, profits or losses flow through to the individual owners, who in turn are supposed to report those items on their individual returns.But the numbers are very misleading...
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