When your tax refund suddenly slows down or your WMR status stops updating, most people think a real person decided something was suspicious. In reality, the IRS uses automated scoring systems that rank every tax…
Seeing TC 420 (Examination/Audit Initiated) on your IRS transcript is one of the most stressful moments a taxpayer can experience. It means your return was pulled for an audit, your refund is frozen, and the…
Every year millions of taxpayers click “Add Audit Protection” when filing with a tax software or tax preparer. It sounds comforting — like a shield that stands between you and the IRS. But here is…
When the IRS puts your return under a microscope There are dozens of transcript codes taxpayers research every year, but one inspires more fear than any other: TC 420 — “Examination/audit of the tax return.”…
How to Avoid Getting Flagged for the New Overtime Premium Deduction The new overtime premium tax deduction (up to $12,500) is one of the major refund boosters introduced under recent tax changes — but it…
What IRS Code 420 Means, How It Stops Your Refund, and What Happens Next Most taxpayers expect their refund to move smoothly from “Return Received” to “Refund Approved.” But when the IRS suspects that something…
Here’s a frustrating scenario that is affecting way too many Americans this tax season: You’ve been waiting months and months for a refund, but instead of getting a check from the Internal Revenue Service (IRS), you get…
This Guide covers the many notices that the Internal Revenue Service sends to individual taxpayers regarding tax audits. IRS NOTICE NUMBER DESCRIPTION CP11–Audits This notice states that your return has been changed because the IRS…
Few things can generate as much taxpayer concern, confusion and controversy as an IRS audit. Tax audits are a critical compliance tool to help ensure fairness in the tax system, and the IRS works hard…
What Is the Taxpayer Roadmap? Think of it as a subway map for the tax system. Like a subway map, it shows many lines and stations along the way, guiding you from your starting point…
We will cover the many letters or notices that the Internal Revenue Service sends to individual taxpayers regarding tax audits. Please be advised that all tax audits should be handled by an experienced tax professional.…
The percentage of tax returns being audited each year has steadily declined, due in part to dwindling government resources. Still, if you’ve been notified of a pending audit, those percentages don’t mean much. The only…
The first reaction by most taxpayers when they find out they are being audited by the IRS is crippling fear. An audit occurs when the IRS has reason to believe that the tax you paid…
And How to Avoid Triggering IRS Review Nobody wants an IRS audit. It’s stressful, time-consuming, and potentially expensive if your taxes weren’t prepared correctly. Most audits are avoided simply by knowing what triggers IRS attention…