IGNORING THE IRS NOTICE OF DEFICIENCY | Old Forge New York
IGNORING THE IRS NOTICE OF DEFICIENCYThe IRS notice of deficiency is a legal willpower by the IRS of a taxpayer’s tax deficiency. It is an authorized written claim that a taxpayer owes additional income tax (and often interest on that amount, as well as additional penalties). It is issued when [...]
IRS Notice CP504 | San Diego, CA
Before you know how to respond to CP504, it is important for you to know about it in detail lest you end up messing up your matter. If you have received a notice from the IRS in your mailbox, it means that you have some IRS issues. You should not panic [...]
What is Innocent Spouse Relief?
IRS innocent spouse relief could help avoid additional tax liability, interest, and penalties, but there are fundamental rules for you to follow.Couples are usually seen as partners in crime, perfectly fit for one another. Like two peas in a pod, they are meant to provide the best support to the other [...]
Debt Repayment Programs
Several types of debt repayment programs are accessible, including a streamlined installment agreement, partial-pay installment agreements, and “stair-step” installment agreements. Remarkably, while these arrangements are available, each taxpayer must negotiate with the IRS directly to agree on their eligibility. Debt repayment programs can offer great relief to taxpayers. In some [...]
IRS Fresh Start Initiative
1. Important Details Concerning Fresh Start Initiative Remarkably, the IRS Fresh Start Initiative is not just a single program, but rather a series of modifications that the IRS has made to the tax code to reduce tax bills. In fact, the IRS has initiated several programs around the Fresh Start [...]
IRS Forms For Starting a New Business
Starting a new business can be really as there are lots of expectations you look up to. It also comes with a decent amount of paperwork, particularly if your company involves employees and payroll, you’ll need to get started on the right footing by having a clear knowledge on which [...]
Itemized Deductions Disputes
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 [...]
IRS Tax Audit
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 [...]
Understanding an IRS Tax Appeal
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 [...]
IRS Criminal Investigation Process
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 [...]
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