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.

The US Tax Court shouldn’t have dismissed a case without a stronger test of the IRS’ responsibilities to contact taxpayers about deficiencies, a partnership told the First Circuit.

It often starts with a letter from the IRS. Join our community today and get unlimited access to Accounting Today.

This latest round of IRS warning letters comes at a time of intense discussion over crypto tax policy in Washington. While ...

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 ...

Did you file your taxes? If you owe the IRS, here's what to expect—from penalties and liens to payment plans and appeal ...

"The IRS is aware and is working on the issue," said Barbara League, a partner at Orrick. "At this time, they have no estimated timeline during which it will be resolved." Attorneys and tax-exempt ...

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 ...

Gather and organize your records. Once you know what the IRS is asking for, start gathering all relevant documents. This could include tax returns, receipts, bank statements, W-2s, 1099s and other ...

Read the letter carefully. Determine what tax year is being audited and whether the numbers the IRS is using match up with the numbers on your tax return.

Financial freedom from tax debt is possible, even if it seems out of reach right now. By addressing the IRS notice and seeking help, you’re taking a crucial step toward reclaiming your stability.