Category: Taxes & IRS Audits
-
Meeting With the IRS Before the Trial
The IRS attorney may not say so, but would probably like to settle the case, rather than go to trial. It is less work…
-
IRS Tax Court: Standing up to the IRS
You lost your audit and didn’t do any better with your appeal. Before pulling out your checkbook, consider going to tax court.
-
Goals During an IRS Audit
You should have two goals in every IRS audit - Minimize financial damage and Prevent expansion of the audit.
-
Ignoring an IRS Tax Audit
It may not be in your best interest to cooperate in an audit. Maybe your bank records show larger deposits, or maybe you highly…
-
If You Are Billed for an Audit You Didn’t Know About
Some people receive tax bills out of the blue. While the IRS must send an audit notice only to the last known address…
-
How to Handle Office Audits
During an office audit, you will schedule a meeting and present the IRS auditor with a number of documents requested in advance.
-
How to Handle Field Audits
The final kind of IRS audit—the field audit—is the most deadly. The name refers to the fact that it takes place outside the IRS offices.
-
How to Behave at Your Audit – Playing It Cool
There are some definite dos and don’ts in dealing with an auditor. This section explores how to handle an IRS auditor.
-
State and Local Taxes
businesses are concerned with federal taxes, but very few realize many states also have state and local taxes that may affect their business.
-
What is Considered Taxable Income?
For the most part, Uncle Sam doesn’t care whether your income is from self-employment, wages, investments, or organized crime. If it’s income, it…
-
How IRS Appeals Work
The appeals mission is to resolve tax controversies, without litigation, on a basis which is fair and impartial.
-
How an Auditor Prepares for an Office or Field Audit, Part 1
The IRS knows well the truth of the words of a Supreme Court Justice that “a person can be defined by the checks he writes.”
-
How an Auditor Prepares for an Office or Field Audit, Part 2
If the revenue agent is not satisfied with what you have provided the IRS may issue something called a summons.
-
FOIA Request – Getting the Auditor’s File
You are entitled to a copy of almost everything in your IRS auditor’s file under the Freedom of Information Act, or FOIA.
-
Finalizing an IRS Appeal
You may not walk away with a deal from the appeals officer at one sitting. The officer may want more documents from you or…
-
Example of an IRS Appeal
The law says that a sideline business loss can produce a tax write-off as long as the business owner is honestly trying to make a…
-
Ending an Office or Field Audit
Generally, there is no stopping an audit once it begins. Once the IRS sends an examination notice to your last known address, the audit…
-
Correspondence Audits and Other IRS Notices
If visiting the IRS would cause you great hardship, you can ask that the office audit be held at your home or business.
-
Changing an Audit Form Office, Field or Mail
If visiting the IRS would cause you great hardship, you can ask that the office audit be held at your home or business.
-
Attending an Office or Field Audit
Before leaving for your tax audit — or before the revenue agent arrives at your home office— take one last look at your documents and…
-
Arguing Your Case in Tax Court
Come to court a little early; judges hate tardiness. It will also give you time to find parking and the right room, and to…
-
Appealing Your IRS Tax Audit
Appealing isn’t especially difficult or timeconsuming. Your chance of getting at least some tax reduction is great. You don’t have to hire a…
-
US Tax Law: Frequently Asked Questions
The 25 Most Frequently Asked Questions About Taxes - 1. How long should I keep my tax papers? 2. How long should I…
-
The Taxpayer Bill of Rights
In 1988, Congress passed the first of three Taxpayer Bills of Rights. It marks a victory for the little taxpayer. It levels the…
-
State Income Taxes: The Bill Comes at the End
All states except Alaska, Florida, Nevada, New Hampshire, Tennessee, South Dakota, Texas, Washington, and Wyoming impose an income tax.
-
Help Beyond the Book: Tax Professionals and Tax Information
This book gives you strategies for coping with most tax problems—audits, bills, and tax court. If you need more help, try any of…
-
Penalties and Interest: Sorting Our IRS Tax Bills
IRS-imposed penalties and interest charges are discussed throughout the book. A $7,000 tax bill can accumulate $15,000 in interest and penalties.
