Identity Theft has become a major problem in the US but there are different problems associated with different kinds of ID theft. Identity theft of your credit card or bank information has a different effect on you than someone filing false documents on your behalf with the IRS. Someone could steal your identity in order […]
What is the Definition of an Assessment?
An assessment is the formal recording of a taxpayer’s tax liability. However, this simple definition fails to alert you to the vast division between not owing and owing the IRS, which will bring a myriad of procedural rules to follow. Once the IRS places your debt into their system it is an “assessment” and they […]
Investigate to reduce your IRS debt!
To investigate the facts is the key to winning any IRS case. If you are diligent and persistent you may uncover facts and evidence that prove you don’t owe any taxes or you may find problems you didn’t know existed. You need to build your case before you can make your arguments. So, follow these […]
IRS Audit Letters, Forms & Notices
When you are enduring an IRS Audit you must 1st discover the notice or letter number for all correspondence you have received from the IRS. You must do this in order to know what process is applicable to your case and what procedures you must follow. Each of these procedures has time limits and qualifications […]
What is a Return? What proof do I need of deductions?
Technically, a return is any taxpayer verification of income and deductions and an agreement with the IRS, or at least no contest from the IRS. The form that everyone files every year is one definition of a return, but it is not the only one. Many times, if you are already involved on an IRS […]