You still can’t believe that the Internal Revenue Service (IRS) has decided to audit your tax return. In addition to feeling nervous about the outcome of the audit, you feel confused about what the audit process actually entails. The most recent blog, Part 1 of a three-part series, discussed why the IRS may be auditing […]
TaxAudit Reviews the Tax Consequences of Transferring Your House Deed to Your Child
You’ve always had your son’s best interest at heart, which is why you stashed away extra money in his savings account and college fund when he was a little boy. And it’s why you can’t wait to gift him with your home in the future by transferring your home’s deed to him. Not so fast, […]
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