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Archive for the ‘IRS’ CategoryThe Difference Between an Audit Reconsideration and an Audit AppealThursday, January 26th, 2012There is an important distinction between an audit reconsideration and an audit appeal, and these options are part of our arsenal of tactics to fight the IRS. How Does an Audit Reconsideration Differ from an Audit Appeal? You might have found yourself in a situation where you don’t quite agree with the IRS’s decision to audit your taxes. While your first reaction might be terror, there’s likely nothing to be afraid of. How to Get Your Lost or Undelivered IRS RefundMonday, December 19th, 2011
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser. Hit play button to listen to IRS Message The IRS is trying to get the word out about lost or undelivered tax refunds. As of November 2011 the IRS had close to one hundred thousand undelivered tax refunds valued at $153 million! You can avoid this problem in the future by selecting direct deposit for your tax refund. Here’s a special number you can call to check the status of your refund 1-800-TAX-1954. I am also attaching a transcript below of a recent IRS audio alert on the topic of unclaimed tax refunds (see below). — The Tax Gap and Non Compliance with the IRSWednesday, December 14th, 2011
What is the “Tax Gap”? The IRS justifies many of its actions based on “closing the tax gap”. The term “tax gap” is used by the IRS to describe the concept of tax compliance, and the amount they estimate is under reported each year. The larger the tax gap the greater the non-compliance. Non-compliance is when tax payers don’t file their tax returns or don’t pay the correct amount of tax on time. The IRS seems to believe that amount to be approximately $350 billion and that the non-compliance rate is about less 16% than the true tax that should rightfully be collected from US citizens. IRS Seeks to Return $153 Million in Undelivered Checks to TaxpayersWednesday, December 7th, 2011Listen to official IRS Audio overview on how to get your Undelivered Tax Refund: Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser. Disclaimer: This tax audio recording is not owned, reviewed or endorsed by tax attorney Jeff Fouts (TaxHelpAttorney.com), and is provided here for informational purposes only. Neither the creator or the publisher of this audio are affiliated with the Fouts Law Firm. A link to the original audio appears adjacent to all audio if you wish to contact the author. Thank you. Link to original audio http://1.usa.gov/uvRXRX Ellijay, GA — Tax Help Attorney .com While it never pays to avoid paying your taxes, many Americans did just the opposite last year by overpaying on their taxes. And it cost Taxpayers plenty – the IRS had $153 million in undelivered refund checks as of November 2011. Beware of IRS Email Phishing Scams Claiming To Be Urgent Tax NoticesMonday, November 28th, 2011
Unfortunately there are always scammers and spammers who are looking to trick people into giving away sensitive information, and one way they do this is by sending out false ‘phishing’ emails pretending to be urgent IRS notices. The IRS does not send email requests to taxpayers, so you should disregard any IRS e-mail received, and call the government office directly instead. Business IRS Tax Audit Techniques Guides (ATGs)Tuesday, November 15th, 2011
IRS Offers in Compromise Explained by Enrolled IRS AgentsTuesday, November 8th, 2011
Note: The IRS conducts presentations via Phone Forums. These presentations are archived on the IRSVideos.gov website for individuals, small businesses and tax professionals. The links to all IRS phone forums are shown at the end of this phone forum transcript. Q1. I have been asked to file returns for a taxpayer who has no assets, little income, and owes many years of taxes. After all tax returns past due are filed, can an OIC immediately submitted or should the OIC be filed after the returns are processed and notices are received by the taxpayer? IRS 2012 Inflation Adjusted Tax Tables With Updated Tax ExemptionsFriday, October 21st, 2011
IRS Failed To Properly Protect Taxpayers While Assessing Tax LiensTuesday, October 18th, 2011
IRS Collection Process: Offers in CompromiseWednesday, October 12th, 2011Listen to an audio transcript of an IRS Enrolled Agent explaining the process of filing an offer in compromise, and who may file for an OIC. | |
