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| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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August 1, 2008 IRS Can Check Bank Account to Determine Unreported IncomeIf the IRS suspects that a small business is not reporting income, examining the taxpayer’s bank account is an option, according to a recent case decided by the U.S. Tax Court. In the case of Attila and Daniela Kosa v. Commissioner of Internal Revenue, the IRS examined a taxpayer’s bank accounts because the taxpayer did not maintain... Subscribers have free access to the archives. Click here. |
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