Audits Archives

Can I ignore an IRS notice or claim I never received it?

Date: June 18, 2021
By: cyberbasement
Categories: Audits

Good luck. The Tax Court recently ruled that a taxpayer had actually received a tax deficiency notice even though the IRS made a clerical mistake in addressing the notice. In this particular case and several prior cases, the taxpayer [...]

How can I pay my taxes or my notice of deficiency?

Date: June 18, 2021
By: cyberbasement
Categories: Audits

There are a handful of ways to pay your taxes, not only for back taxes but for any tax due[...]

How can I prepare for my face to face or interview field audit?

Date: June 18, 2021
By: cyberbasement
Categories: Audits

Hopefully your recordkeeping skills are up to snuff. Please visit our KnowledgeBase at wcginc.com/kb/15 on recordkeeping to ensure you are doing a good job for the future. You can also download our article at[...]

How do I appeal the collections of unpaid taxes?

Date: June 18, 2021
By: cyberbasement
Categories: Audits

There are two programs, Collection Due Process and Collection Appeals Program. IRS Publication 1660 Collection Appeal Rights details these two options in more detail[...]

How does a joint return get handled during an audit?

Date: June 18, 2021
By: cyberbasement
Categories: Audits

Either spouse can respond, or both taxpayers can respond jointly. This applies to correspondence audits (mail) and field audits (face to face interview[...]

How does bankruptcy affect my unpaid taxes?

Date: June 18, 2021
By: cyberbasement
Categories: Audits

First and foremost, if you are considering bankruptcy and have unpaid taxes, you must contact an attorney specializing in bankruptcies. The rules are complex, and before you rely on the possibility of a fresh start from a tax perspective you [...]

How much is interest and penalty on taxes owed?

Date: June 18, 2021
By: cyberbasement
Categories: Audits

There are three additional assessments the IRS can tack onto the taxes that are due[...]

How should I respond to an IRS notice or letter?

Date: June 18, 2021
By: cyberbasement
Categories: Audits

Quickly. Do not blow these off or think you can beg for forgiveness after a deadline has passed. The IRS can be compassionate (really!), and will typically extend all deadlines only if you contact them and explain your situation[...]

What are my chances of being audited?

Date: June 18, 2021
By: cyberbasement
Categories: Audits

The IRS has recently released their enforcement and service results for fiscal year 2011 in their review of 2010 tax returns. They remain consistent in some areas yet have increased their visibility in other areas. Here we go[...]

What are some of the types of IRS notices and letters?

Date: June 18, 2021
By: cyberbasement
Categories: Audits

There are several notices that are the ‘lite’ version of a full blown audit or face to face examination. The IRS might send a notice adjusting child tax credit or earned income credit, correcting miscalculations or requesting a missing schedule[...]