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Tag Archives: IRS Audit

Your next audit may be an “audit lite” – The IRS is handling more reviews with form letters

Your next audit may be an “audit lite” – The IRS is handling more reviews with form letters In-person audits with an IRS agent are becoming more uncommon. The IRS is instead handling their reviews through form letters called correspondence audits. Here is what you need to know. In-person audits with an IRS agent are becoming more uncommon. The IRS is instead handling many routine reviews through form letters called …Read More

IRS Automated Audit Programs Working Well – Programs aid in $2.9 Trillion 2015 tax revenue

IRS Automated Audit Programs Working Well – Programs aid in $2.9 Trillion 2015 tax revenue Each year the IRS releases a Data Book that recaps Internal Revenue Service activities for the prior fiscal year ending in September. The 2015 Data Book was recently published which recaps the 2014 tax year. Here is what you need to know: Each year the IRS releases a Data Book that recaps Internal Revenue Service …Read More

IRS Notices with Interest Calculation Error – IRS to send out special mailings

The IRS recently announced it send a number of Form CP2000s out to taxpayers with interest rate calculation errors on them. Please be aware of the problem. Noted here is a copy of a recent interest error calculation announcement made by the IRS. If you recently received a form CP2000 from the IRS please be aware an adjusted, higher interest amount may be owed. The IRS alerted taxpayers and tax …Read More