How to Manage the IRS in Case of an Investigation

September 12, 2011 by  | Leave a Comment Filed under: Taxes 

Over 1 million taxpayers are audited every year. Most of those audited are audited through a letter. The IRS sends a letter to the taxpayer, requesting further information concerning item(s) in the tax return. If the taxpayer being audited responds to such a letter with the required information, (read on...)

How Tax Professionals Can Help

July 21, 2011 by  | Leave a Comment Filed under: Taxes 

Twenty million Americans owe back taxes to the IRS. These debts range from minor to monstrous. But no matter how much they owe, most tax debtors worry about dealing with the IRS on their own. The world’s most feared federal agency has a history of harassment and intimidation. Their (read on...)

10 Tips to Survive a Tax Audit

September 30, 2010 by  | Leave a Comment Filed under: Taxes 

Surviving an audit may be difficult for you if do not know what you are supposed to do. Here are some top ten tips on how to survive an audit. 1. Whenever you are getting audited, you must give an assurance to the IRS that you have reported all your income and all credits, deductions and (read on...)

Documents to Keep in Case of an IRS Tax Audit

November 7, 2009 by  | Leave a Comment Filed under: Taxes 

Most people do not want to think about being audited by the IRS. But guess what? Every year more than one million people have to deal with this. Even though you may escape forever, you never know when you will be next in line. For this reason you have to keep all the proper documents for each (read on...)

What is an IRS Tax Audit?

October 3, 2009 by  | Leave a Comment Filed under: Taxes 

Chances are that you have heard the phrase “IRS tax audit” before. That being said, you may not know exactly what this is all about. Of course, you know that an IRS tax audit is not a good thing. This does not mean that the IRS is giving you money or a prize for filing on time. But at (read on...)

Understanding Your IRS Audit

June 28, 2009 by  | Leave a Comment Filed under: Taxes 

There are two words that can send sheer terror through most people and those words are IRS audit. You probably just shuddered. The good news is the chances of getting audited are not in your favor. About 1 in 75 people get audited and audits are not necessarily random. The IRS is pretty good at (read on...)