News

Get help with your tax debt today.. What to do after receiving an audit letter from the IRS. Here are the crucial steps you ...
Fact checked by Vikki Velasquez Getting an audit letter from the Internal Revenue Service (IRS) can be stressful, but it doesn't automatically mean you're in legal trouble. "Don't panic," says tax ...
As tax season unfolds in the United States, the IRS is actively processing returns and issuing refunds. However, taxpayers ...
Is the IRS Auditing Me? No, this isn't an audit - this is a notice. A notice (or letter) is considered much less serious than an audit - and in many cases is designed to protect the taxpayer.
Here are five essential tips if you receive a letter from the IRS: First, review the notice with your tax preparer to ensure you understand the requirements.If it's an audit, check the fiscal year ...
Receiving a notice from the IRS can be daunting, but it's often not as alarming as it seems. Understanding why these letters are sent and how to respond can help you manage your tax obligations ...
You should bring to an IRS audit the exact documents requested in your letter or notice that was mailed to your home. This can include receipts, payslips, and other financial records.
In May, the IRS said it's working on increasing audits by more than 50% on wealthy individual taxpayers with total income above $10 million. It forecasts audit rates in this group to rise to 16.5% ...
Receiving an audit letter from the IRS is never ideal, but it doesn't have to become a nightmare, either, especially if you act quickly and strategically. In most cases, the sooner you take action ...