Associate Dean of Academic Affairs/Law Professor Nicholas Mirkay joins producer/host Coralie Chun Matayoshi to discuss:

  • common red flags that can trigger closer IRS scrutiny or an audit
  • what business owners need to watch out for
  • do you have to declare prizes you win as income?
  • can you take gambling losses as a deduction?
  • what is the difference between tax avoidance and tax evasion?
  • is there a statute of limitations for tax fraud?
  • how to reduce the amount you owe to the IRS.