What Are the Chances of Being Audited?

What Are The Chances Of Being Audited?

What are the chances of being audited?  While the IRS does not release many of the factors that it uses to identify taxpayers for tax audits, the IRS does release general statistics that can help gauge an individual’s audit potential – or can they? The IRS Statistics  Looking at the most recent IRS statistics for… Continue reading What Are the Chances of Being Audited?

IRS Statistics for Audit and Enforcement Rates

Irs Statistics For Audit And Enforcement Rates

While the IRS does not release many of the factors that it uses to identify taxpayers for tax audits, the IRS does release general statistics that can help gauge a taxpayer’s audit potential.  These statistics help answer the question of “what are the chances of being audited?” IRS Audit Rates Looking at the most recent IRS… Continue reading IRS Statistics for Audit and Enforcement Rates

The IRS’s New Appeals Arbitration Program

The Irs’s New Appeals Arbitration Program

The IRS Office of Appeals provides a great forum for resolving IRS tax disputes.  While appeals settles a lot of cases, it doesn’t settle them all.  This is where the IRS arbitration program comes in.  It is for those close cases that almost settled, but didn’t.  The IRS recently released Revenue Procedure 2006-44, which sets out… Continue reading The IRS’s New Appeals Arbitration Program

Texas Tax Attorney Contests IRS Bypass Letter

Texas Tax Attorney Contests Irs Bypass Letter

In People’s Source International, LLC v. United States, the IRS issued an Aurora, Texas tax attorney a bypass letter. A bypass letter is a letter that the IRS sends to a taxpayer when the IRS believes that the taxpayer’s tax attorney has failed to respond to IRS requests. The Texas tax attorney contested the bypass… Continue reading Texas Tax Attorney Contests IRS Bypass Letter

Recent Texas Tax Case is an Example of why Taxpayers Should Hire a Tax Attorney

Recent Texas Tax Case Is An Example Of Why Taxpayers Should Hire A Tax Attorney

Taxpayers often ask me why they should hire a tax attorney. My response is always that hiring a tax attorney to review and structure your financial affairs can give you some certainty that things are done right, in many cases it can save you significant amounts of tax and later IRS problems, and it can… Continue reading Recent Texas Tax Case is an Example of why Taxpayers Should Hire a Tax Attorney