Every year, about 196 million federal tax returns are filed in the United States. From the returns, around one million or 0.5% is subject to audit, which is an extra evaluation of the return, the deductions filed, and the amount owed or given back to the taxpayer. One relatively general reason for a taxpayer’s return [...]

More than one million taxpayers faced an Internal Revenue Service (IRS) audit of their individual tax return in 2019, but that accounted for less than 1% of all returns. If you received a dreaded audit letter from the IRS, do not panic. You must understand that the analysis is a professional procedure that may be [...]

If your tax return was lately under assessment by the IRS and you got written notification of a change the IRS is making to your tax return, such as disallowing a deduction or credit, you have the right to disagree and the right to appeal its verdict. An IRS Tax Appeal is a usual way to resolve [...]

If for whatever reason you have found yourself facing an IRS criminal investigation or in a civil investigation or audit that, in time, may result to a criminal investigation. It is surprisingly easy for a person to find oneself involved with this kind of IRS tax problem. Maybe you have been accused of tax evasion, or some other form [...]

Reporting identity theft is an important way to protect yourself from scams. There are many ways you might discover you were a victim of identity theft. There are higher chances that if you were, you will find out soon after filing your taxes. For instance, you may receive a letter from the IRS saying you [...]

How to file taxes if you lived in two states? Paying Income Tax in Multiple States If you resided and worked in the same state this previous year, filing taxes is really not a complicated process. But how do you file taxes if you lived or worked in multiple states? Each state wants its fair [...]

Who qualifies for tax forgiveness for disabled adults? What if I’m disabled and owe back taxes? It is technically legal for the IRS to garnish a part of your disability insurance benefits to pay down the sum of money you owe in back taxes. Beginning in 2002, it became legal for the IRS to garnish [...]

Taxes are inevitable, and filing your taxes in April cannot be avoided as well. When Americans file a return, they may be delighted to find that they’ve overpaid their taxes throughout the year, and the IRS actually owes them a refund. However, for many more, the opposite is happens: they submit their tax return, and [...]

Most people choose to stay out of trouble with the IRS by ensuring they pay their tax bill at the appropriate time. Sometimes, some factors beyond our control can prevent this from occurring. Often, this occurs because the IRS sends the bill to the wrong address or the funds simply not available. This can be [...]

IRS Trust FundTrust fund tax is the money held back from the wages of an employer by an employer and held in trust until it is paid to the treasury. Examples of employer’s wages include social security, medical taxes, and income taxes. In other words, the wages earned by employees are usually not paid in [...]