Tax Audits – Where's my Refund? – Tax News & Information

IRS Where’s My Refund? Tax Tool for Uploading Documents

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 a letter saying “you need to send supporting documentation.” Even worse, the IRS says it is holding your refund until the matter… Continue reading IRS Where’s My Refund? Tax Tool for Uploading Documents

Your Guide For Tax Audits-IRS Notice Description

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 believes there was a miscalculation. This means you owe money on your taxes because of this. Double-check the numbers on… Continue reading Your Guide For Tax Audits-IRS Notice Description

IRS Audit Rates Significantly Increase As Income Rises

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 to ensure the agency’s audit selection process is fair and impartial. Decisions to conduct audits are based on the financial… Continue reading IRS Audit Rates Significantly Increase As Income Rises

National Taxpayer Advocate Interactive Map: What Happens When You Are Audited

The Taxpayer Advocate Service (TAS) reintroduces its website with a new design and layout featuring a new digitally interactive Taxpayer Roadmap. The digital Taxpayer Roadmap features an interactive experience which allows taxpayers and tax professionals to navigate through the IRS tax process and view notices along the way. The newly designed website continues to provide valuable… Continue reading National Taxpayer Advocate Interactive Map: What Happens When You Are Audited

Tax Audits: What These IRS Notices Mean

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. IRS NOTICE DESCRIPTION CP11–Audits This notice states that your return has been changed because the IRS believes there was a… Continue reading Tax Audits: What These IRS Notices Mean

What To Do if You Receive an IRS Tax Audit Notice

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 thing that matters is the situation that you’re now in. There are two kinds of audits; in person and by… Continue reading What To Do if You Receive an IRS Tax Audit Notice

Understanding The Types Of IRS Audits

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 is not what should have been collected. The IRS wants to investigate how you calculated your tax due for the… Continue reading Understanding The Types Of IRS Audits

15 Red Flags that will get you audited by the IRS

Had a great year last year and suddenly enjoyed a surge in income? You could have a target on your back for an IRS audit. While getting audited is no fun, you can survive! The key to remember is you need to have solid documentation to back up any claims you make about your overall… Continue reading 15 Red Flags that will get you audited by the IRS