Get Ready for a New Era of IRS Enforcement – Some Returns Can Be Audited With No Time Limit and 87,000 New IRS Agents?

The recently passed Inflation Reduction Act has generated a lot of confusion for individual taxpayers and large corporations alike. Sensational headlines have given rise to misleading or downright wrong articles from all sides of the political spectrum.

Forbes has released an article that delivers an excellent breakdown in easy-to-understand language. We highly recommend that all taxpayers take a few minutes to read it.

With the IRS soon to be larger and more aggressive than ever, you can’t afford to wait until April of next year to start thinking about your taxes. Minimizing your tax liability is a year-round process that involves planning and careful execution. You can play by the rules and save thousands, and the earlier you start the easier it is.

Whether you are concerned about a specific tax situation or you’re just wondering if you could do something differently, we’re here to help. Tortolano & Company has proudly served individuals, families, and businesses on the New Hampshire and Massachusetts seacoast, as well as across the country, since 2009. Don’t bury your head in the sand – keep your money in your pocket, where it belongs! Give us a call today and protect yourself from the next curveball the IRS throws your way.