Tips for Taxpayers Who Receive an IRS Notice Receiving a notice from the Internal Revenue Service is usually no cause for alarm. Every year the IRS sends millions of letters and notices to taxpayers. In the event one shows up in the mailbox, here are ten things you should know. 1) Don’t panic. Many of […]
IRS unveils new People First Initiative
IRS People First Initiative provides relief to taxpayers. IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance program. Due to COVID-19, the IRS is providing relief on a variety of issues as part of the People First Initiative. The IRS is modifying certain activities through the filing and payment deadline, Wednesday, July […]
Understanding why you received a notice from IRS
It is possible that this year, certain taxpayers will receive a CP2000 notice from the IRS. The Notice provides detailed information about problems identified by the IRS. Here is some information to help you understand why you received a notice from the IRS and what you can do: The IRS sends a CP2000 notice to […]
Will Your Tax Return be Audited?
Will Your Tax Return be Audited? Few things are more unnerving than having your tax return audited by the IRS. The IRS uses that “audit anxiety” to help keep taxpayers honest on their tax returns. DIF scores count The IRS evaluates tax returns based on their “DIF” scores, a set of IRS formulas known as […]