It’s a moment every person dreads. You pick up the mail and there is an envelope from the IRS. It’s not a refund check. What do you do? Don’t Panic Each year, the IRS sends out millions of “correspondence audits” to taxpayers to request payment...
Read MoreThe Taxpayer Bill of Rights and Facebook
If you haven’t heard the story yet, you can read an excellent account here https://www.forbes.com/sites/kellyphillipserb/2018/05/16/facebook-loses-bid-to-move-7-billion-tax-case-to-appeals/#38251a017f99. We have mentioned The Taxpayer Bill...
Read MoreFor The Taxpayer Going Through an Audit Remember That You Have Rights
You have the right to know: The maximum time you have to challenge the Internal Revenue Service and present additional documentation. The maximum amount of time the Internal Revenue Service has to audit each tax year. When the Internal...
Read MoreAvoiding a Tax Audit
The IRS recently released its list of what it refers to as the “The Dirty Dozen” and has warned taxpayers to avoid inflating deductions or expenses on their returns, triggering an audit. The Dirty Dozen is a list of common...
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