Summary of Surviving IRS Tax and Audit Challenges
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Summary of Surviving IRS Tax and Audit Challenges
From time to time, such as when the government needs to collect more revenue, the IRS will step up its audits and look more aggressively through people’s tax returns.
Taxpayers have rights; these rights have arisen due to past IRS abuses, and the IRS provides publications and programs that detail them on its Website. You can access them on the Taxpayer Bill of Rights page. Knowing your rights as a taxpayer might help you sleep better at night.
Practical Ideas I Can Start With Today
- If I owe back taxes to the IRS, set up a payment plan, make an offer in compromise, or ask to have the debt declared uncollectible.
- Keep all my tax documents for three years at the minimum.
- Attach supporting documents for large deductions to my tax return.
- If I am being contacted by the IRS for a home audit or field audit, work with a professional tax preparer to help me win my case.
What you have learned
- What if I Can't Pay My Tax Bill?
- Audit Flags: Tax Preparation
- Audit Flags: Deductions and Credits
- What Happens during an IRS Audit?
- How to Survive an IRS Audit
- What Can the IRS Take from Me if I Can't Pay My Taxes?