• 5 Red Flags for IRS Audits

    || 30-Sep-2015

    Because every year the IRS can only audit a small percentage of all tax returns, they have created a very sophisticated system for determining which returns will be examined and which ones will be filed. During this process, the IRS assigns a DIF score to each tax return. High DIF scores are flagged and examined for further review and potential IRS audit. This flagging process helps the IRS to ...
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  • Owners of Minnesota Twins Settle $255MM Tax Debt

    || 21-Aug-2015

    In a case which garnered national attention, the sons of late billionaire banker Carl Pohlad have finally settled their dispute with the IRS. Initially in 2013, the IRS claimed that they were owed more than $250 million in taxes related to the transfer of Pohlad’s assets upon his death, specifically the Minnesota Twins MLB franchise. However, the Pohlad estate was able settle the matter for ...
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