Below is an illustration explain IRS tax audits. There is a certain percentage of people every year that is going to be audited. Certain triggers can cause it to be more likely that a business owner or individual is chosen for an IRS audit. Avoid doing the negative things on this list as much as…
If you are struggling with a tax debt that you cannot realistically repay, an offer in compromise may provide a workable solution, and a tax attorney can help you file this application. An offer in compromise allows you ask the IRS to accept settlement for less than the full amount that you owe. In certain…
2012 has proven to be a tumultuous year when it comes to taxes. While there have been many changes during 2012, most were overshadowed by the flurry of changes prompted by the fiscal cliff crisis. Overall, the majority of 2012’s tax changes were aimed at higher income groups while bringing some measure of relief to…
Without question, one thing every American dreads is confronting the IRS. The best way to deal with the IRS, though, is by not incurring their disfavor–in other words, pay your taxes. Unfortunately, this does not guarantee that you will never have to confront the IRS. Is It Only Troublemakers That Run Afoul of the IRS?…
Some people would rather face root canal surgery than an IRS audit. According to ABC News, the IRS audited 1.6 million Americans in 2011 alone. This means that about 1% of all Americans get audited. If you are audited, rest assured you are in good company. Three-quarters of IRS audits are handled without having to…
