IRS Announces The People First Initiative for COVID-19 Hardships

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The IRS recently announced The People First Initiative to provide compliance relief to taxpayers experiencing COVID-19 related hardships. It released a FAQ to address how taxpayers undergoing audits or have collections and other issues can proceed. Here’s how it impacts you. If you owe back taxes IRS is not forgiving tax debts and balances will continue … Read more

What is an IRS notice of deficiency?

IRS notice of deficiency

A notice of deficiency is a proposed increase of tax and your notice to dispute the deficiency in tax court. Before it can assess liability for unpaid taxes, the IRS must send a deficiency notice to the taxpayer’s last known address by certified mail or registered mail. The notice also gives taxpayer the right to … Read more

IRS audit tip – how to substantiate car and truck expenses

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Many taxpayers will claim a car and truck deduction on their Schedule C or business returns. Often, taxpayers are unaware of what documents they should retain to substantiate their deduction if selected for audit. Deductions for car and truck expenses — overview Deductions for expenses with respect to the use of passenger automobiles are subject … Read more

Dealing with an IRS Audit

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Getting Audited by the IRS

If you’re visiting this page, perhaps it’s because you’re being audited by IRS; or maybe you’re wondering what the IRS audit triggers are; or perhaps you’re just interested in learning about the IRS audit process. Regardless of why you’re here, it’s important to understand how to protect your rights during an audit.

Types of IRS Audits

Most individuals will likely deal with an IRS audit at some point in their lives. It may be a simple correspondence audit, or it may be a field visit to your business.

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IRS “Dirty Dozen” Tax Scams for 2019

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The IRS “Dirty Dozen” List

The IRS released their yearly Dirty Dozen tax scams for 2019.

This year’s “Dirty Dozen” list highlights a wide variety of schemes that taxpayers may encounter at any time, although many may peak during tax-filing season. The schemes run the gamut from simple refund inflation scams to complex tax shelter deals. A common theme throughout all: Scams put taxpayers at risk.

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