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These 9 government letters are serious trouble. From an IRS intent to levy to a DOJ target letter, here's what to do when ...
Four tax preparers convicted of defrauding the IRS of nearly $8 million have been sentenced to a combined 105 months in federal prison.
If your return has been selected for audit, it is essential that you understand your rights prior to any in-person review or meeting with the IRS agent.
It often starts with a letter from the IRS. Join our community today and get unlimited access to Accounting Today.
Each year, the IRS sends out millions of notices, many of which fall into a few predictable categories. Clear Start Tax helps taxpayers recognize the letter type, understand its intent, and know how ...
Trump administration Attorneys puzzled by IRS notices By Scott Sowers May 29, 2025, 2:07 p.m. EDT 2 Min Read ...
The IRS issued interim final and proposed regulations Friday (T.D. 10031 and REG-107459-24) lowering the user fee for the Service to issue an estate tax closing letter from $67 to $56. An estate tax ...
Receiving an audit letter from the IRS is never ideal, but it doesn't have to become a nightmare, either, especially if you act quickly and strategically. In most cases, the sooner you take action ...
Gather your documents. The letter will outline what information the IRS wants. This could include receipts, bank statements, employment documents, and tax forms like your W-2.
The first thing you should do when you receive an IRS notice is to read it carefully. Each letter serves a different purpose: maybe it's warning you of a levy, or perhaps it's proposing changes to ...
Any of us who have to deal with the IRS must understand two things; 1) Ignoring the IRS letters will be catastrophic for your financial and legal health, and 2) You shouldn’t fight their team of ...