The Internal Revenue Service announced expanded voice bot options to help eligible taxpayers easily verify their identity to set up or modify a payment plan while avoiding long wait times. “This is part of a wider effort at the IRS to help improve the experience of taxpayers,” said IRS Commissioner Chuck Rettig. “We continue to…
If the IRS selects your tax return for audit (also called examination), it doesn’t automatically mean something is wrong. The IRS performs audits by mail or in person. The notice you receive will have specific information about why your return is being examined, what documents if any they need from you, and how you should proceed. Once the IRS completes the…
When taxpayers have a question, their first stop should be IRS.gov. The Let Us Help You page is a great way to get answers to tax questions fast. People who call the IRS for additional help will need to have information available to verify their identity. This is part of the agency’s ongoing efforts to keep taxpayer…
With the move to remote work, the Internal Revenue Service (IRS) continues to work to deter and prevent cyberattacks on confidential taxpayer information. Personal information is valuable to digital bad actors. The IRS is a sweet resource for fraudsters looking for a goldmine of information on a large number of consumers. Income, refunds, addresses, bank…
The Internal Revenue Service (IRS) sends millions of letters to taxpayers every year. The majority of these will be mailed out after the tax filing and payment deadline have passed. If you receive an IRS letter, don’t panic. Most notices are routine and can be easily resolved. Reasons Why You May Receive an IRS Letter…
It is not unusual for the Internal Revenue Service (IRS) to question a tax return or note an adjustment if you have been through an IRS audit. If you do not agree with a correction on your returns, you can dispute the finding through the IRS appeals process. Many taxpayers are unaware of the basic…
New research finds the Internal Revenue Service (IRS) is aiming civil audits at low-wage earners, demonstrating a confounding approach to a group less known for tax fraud than those with greater wealth. The earnings gap in the U.S. and around the world continues to increase. Throughout the pandemic, the wealthy fared better than those buffeted…
Monday is Tax Day, the federal deadline for individual tax filings and payments. Monday is Tax Day — the federal deadline for individual tax filing and payments — and the IRS expects to receive tens of millions of last-minute filings electronically and through paper forms. As of April 8, the IRS had received more than…
Was your identity stolen? Request an Identity Protection PIN from the IRS The Internal Revenue Service today reminded all taxpayers – particularly those who are identity theft victims – of an important step they should take to protect themselves from tax fraud. Some identity thieves use taxpayers’ information to file fraudulent tax returns. By requesting…
A “badge of fraud” is an indicator used by the Internal Revenue Service (IRS) to flag a potentially fraudulent return, transaction, or activity. A better understanding of what triggers IRS interest can help you steer clear of an IRS audit, or worse, an IRS criminal tax investigation. When evaluating for tax fraud, the IRS uses…
