The Ins and Outs of the IRS’s Bank Deposit Analysis

The IRS almost always checks for unreported income when it audits an income tax return. The IRS does this by analyzing the deposits made in the taxpayer’s bank accounts. But what if a deposit was not taxable, as in the case of an amount received for a third party and paid out to a third…Continue readingThe Ins and Outs of the IRS’s Bank Deposit Analysis

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