by Leif Jensen | Jan 11, 2022 | Taxes |
There are times that you need someone to work with the IRS on your behalf and they Service has made it rather easy for that to occur. A Form 2848 has to be filled out and submitted to the service. This form should be faxed to the IRS and not mailed. Mailing takes...
by Leif Jensen | Jan 5, 2022 | Taxes |
The IRS typically has three years, to audit your returns. The overarching federal tax statute of limitations runs three years after you file your tax return. If warranted, the IRS must make an additional tax assessment within the later of three years from: The return...
by Leif Jensen | Jan 4, 2022 | Taxes |
In certain circumstances, the IRS allows for abatement of penalties. Utilizing Form 843, Claim for Refund and Request for Abatement, to claim a refund or abatement of penalties assessed by the IRS. The IRS instructions to Form 843 list the instances where taxpayers...
by Leif Jensen | Jan 3, 2022 | Tax Court, Taxes |
Taxpayers have the following rights that apply whenever they have dealings with the IRS. The right to be informed – Taxpayers have the right to know what they need to do to comply with tax laws. They are entitled to clear explanations of the law and IRS...
by Leif Jensen | Dec 15, 2021 | Taxes |
I have to admit that tax software has made it easier for people to prepare their own taxes, but there are still situations where it’s smart to bring in a pro. Depending on your income, you may be able to prepare and file your taxes at no cost through the...
by Leif Jensen | Dec 14, 2021 | Taxes |
A ghost preparer is someone who doesn’t sign tax returns they prepare. Those unscrupulous preparers often print the return and have the taxpayer to sign and mail it to the IRS. For e-filed returns, the ghost will prepare but refuse to digitally sign as the paid...
