What Rights do Taxpayers Have When Dealing With the IRS?
IMost people consider any dealings with the IRS to be very stressful and frustrating. Keep in mind that taxpayers have important rights when dealing with the IRS. In fact, the IRS has …
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What is the IRS Appeals Office?
If you disagree with the IRS findings in your case, you can appeal your case to the Appeals Office of the IRS. The local Appeals Office is separate from and independent of the IRS office that …
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How Does the IRS Determine Which Tax Returns to Audit?
According to the IRS, tax returns are selected to be audited in one of two ways: (1) the IRS uses computer programs to identify returns that may have incorrect amounts. These programs may be …
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Common Small Business Tax Deductions
Business tax deductions are important to all small businesses. Tax deductions lower a business’s tax bill to the government and allow business owners to keep more of their hard earned money. Small business owners can benefit from common small business tax deductions if they know when to use them correctly. The penalties for misusing tax deductions can be significant and result …
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What happens if I cannot file my income tax return on time?
If you can’t file your federal income tax return by April 15 th , or you can’t pay taxes that you owe, there are some simple measures that you can take in order to avoid some really bad consequences. First, you can get an automatic 4-month extension until August 15 th by filing IRS Form 4868 – Application for Automatic Extension of Time to File U.S. Individual Income Tax …
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IRS Form 9423: Collection Appeal Request
IRS Form 9423 is used to appeal a collection action. Using this form, you may request an appeal of the following actions: notice of federal tax …
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