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Pros And Cons Of Working With The IRS

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1040Return Tips for Working with the IRS Some time ago, the IRS conducted a routine survey to reach the taxpayers and get their feedback on how they can improve the services. As absurd as it may sound but surprisingly, the essence of the all the responses and opinions was that the IRS should not contact the taxpayers. Unfortunately, that wasn’t something that the IRS could do. It’s a part of their job to contact the taxpayers as and when required. It is quite possible that you may receive a notice from the IRS at some point of time in your life. It can get stressful and you might panic, which could make things worse. Thus, here we are with some tips that will help you out. If you follow our pointers well enough, your interaction with the IRS …show more content…

As long as you are sending IRS the money, they will leave you in peace. • Notice for Audit If the IRS sends you the notice because they want to audit your returns, the first thing you would want to figure out is that how extensive the audit will be. The majority of audits conducted by the IRS are called as the ‘Letter Audit’. This is the least stressful type of audit wherein the IRS would need you to simply mail them the requested information. However, the onsite audit wherein the auditors from the IRS come down to your office could get a little nerve-wracking. On such occasions it would be wise of you to have your CPA or Enrolled Agent present by your side. Most times when the IRS audits the taxpayers, they look for specific line items only. You should keep the documents for the said line items ready. Moreover, do not volunteer more information than requested. Keep it just to the point and try limit the scope of the audit to only what the IRS is interested in knowing. You must understand that the IRS is trying to do its job. Therefore, be prompt and co-operative to save yourself bigger inconveniences. The quicker the IRS closes your case the easier your life will

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