An IRS audit is something no one ever wants to face. Audits mean gathering tax paperwork, answering personal questions about your income and expenses, and potentially facing a bill for back taxes, interest and penalties at the end of the process.
If you receive Notice of a Federal Tax Lien under Internal Revenue Code Section 6320, or if you receive Notice of Intent to Levy under Internal Revenue Code Section 6330, you have a serious tax problem on your hands.
Many people want to avoid paying taxes, and countless arguments have been made by those claiming legal grounds not to pay. The IRS has made a list of some of the common contentions that have been made and discredited in the past.
Tax season is upon us once again and many individuals and businesses are struggling to make sure that all of their obligations to the Internal Revenue Service are fulfilled. You not only need to be accurate and timely when filing tax returns, but you also cannot afford to make errors that could trigger an IRS audit.
If you owe taxes to the Internal Revenue Service, you are probably already aware that they are going to be aggressive when trying to collect. That said, it is important to be proactive and find ways to get the tax debt problem solved and the IRS paid.
You are required to file tax returns. If you do not file a tax return, the Internal Revenue Service could file a substitute return for you. You can be subject to substantial financial penalties and even criminal consequences if you do not file.
Many married couples file taxes jointly. Unfortunately, sometimes one spouse makes a mistake or intentionally lies on a tax return and the other spouse who signs the returns is not aware of the incorrect information.
No taxpayer ever wants to owe the IRS or have problems with this powerful agency. Unfortunately, it is easy to make mistakes or face financial problems that make paying taxes on time a major hardship.