Sometimes, you find out because you get a letter in the mail. The Internal Revenue Service (IRS) is often very forthright about its intention to investigate a taxpayer. They may send you a letter advising you of the investigation and possibly even asking for your...
If you are contacted by the Internal Revenue Service and will be going through a tax audit, it’s important for you to know what to expect and to be aware of your rights. While the likelihood of being audited by the IRS is low, knowing that you are being audited means...
Perhaps you made a mistake on your taxes last year, triggering an in-depth review. Maybe you were simply randomly selected and what information the Internal Revenue Service (IRS) found made them suspect fraud or other tax-related misconduct. Once you receive notice...
The Internal Revenue Service's audit department is busy, but it is not because most taxpayers' returns contain questionable information. Less than 1% of the population is audited every year, which is a far lower number than it used to be. IRS staffing and funding are...
Being the subject of a tax audit can be an unnerving experience. Panic is the overall feeling people have when they find out they are being audited. However, Connecticut residents can help themselves by remaining calm and seeking assistance to handle the matter as...
It is no secret that the Internal Revenue Service is extremely short-staffed and has been for some time. It can take agents years to review and identify tax returns that may need to be audited. Thankfully, though, there is a statute of limitations for starting the...
Every year, quite a few Connecticut residents find out the Internal Revenue Service is auditing them. Those who are facing tax audits will receive notification in the mail. Within that notification is a lot of information about what is needed to review one's case and...
No one wants to get audited. Few people actually do. Those Connecticut residents who are chosen for tax audits may find the experience unnerving, but with help, they can get through it. While audits might be rare, there is no harm in taking a few steps to avoid being...
You do everything you can to make sure your tax filing is on the up and up. You take your time, make sure everything you submit is correct -- at least to the best of your knowledge. You may even hire someone to help you. Despite your best efforts, you received a...
Most people in Connecticut will never be audited. In 2019, only .45% of all taxpayers, nationally, faced tax audits. The Internal Revenue Service simply lacks the resources to go over every single taxpayer's tax returns in detail. However, people who do this one thing...