Tax Audit Stories

There are certain times in life when an IRS audit is unavoidable. One of those occasions is when certain items on your tax return do not match the figures sent electronically to the IRS by third parties. This month’s case is just one example of how common life…
Taxpayers who handle their own IRS audits frequently find the experience so confusing and stressful that they’ll write a check to the IRS just to make it go away. All too often they pay the amount requested in the letter without realizing that they have a good chance…
Good coaches are experts on the rules, techniques and strategies of their sports. A coach’s job is to instruct and prepare a team for competition, to set a strategy for winning, and to motivate players to give 100% effort to their game. This month’s case shows how an…
Since the publication of Malcolm Gladwell’s bestselling book, Outliers: The Story of Success, there’s been a lot of buzz about the “10,000 Hour Rule.” Meeting this rule is what many sociologists consider to be the key to success in any field. The theory is that practicing a specific…
Since the worldwide financial crisis began in 2007, countless individuals and families have been facing their own personal economic troubles. Many folks have had no choice but to deplete retirement savings accounts and default on mortgage debt. Often it’s too late by the time they discover that these…
We have an ongoing continuing education program at TaxResources that helps our audit representatives meet their professional licensing requirements while at the same time making them more effective at defending our members. This month’s case shows how a TaxResources audit representative with an up-to-date education provides the defense…
Our mission at TaxResources is to provide our members with the best income tax audit representation and the best taxpayer education available, and to exceed our members’ expectations. This month’s case is an example of how our Audit Representatives fulfill this mission, day by day and audit by…
Many folks have purchased new homes in the past couple of years to take advantage of the First-Time Homebuyer Credit. After uncovering widespread homebuyer credit fraud and losing millions of dollars to erroneous claims, the IRS now examines all requests for the credit to verify eligibility. In their…
Mere receipt of a letter from the IRS can make some people fall to pieces, even before they know what it has to say. This month’s case clearly illustrates how having an audit representative makes dealing with the IRS a whole lot easier, even when all that’s requested…
Ignoring the IRS doesn’t make them go away, ask Al Capone. They will continue to send letters, and if you never respond the assumption will be that you concede to their assessment. Eventually you will hear from their collections division, and at that point your case will be…
Sometimes they do, sometimes they don’t, and you won’t know until we try. The process the IRS uses when deciding to waive a penalty may seem random, but the decision is supposed to be based on whether or not it can be shown that a taxpayer acted in…
Never assume that an IRS letter, bill or notice is correct: each item, figure, and computation should be checked for accuracy. This month’s case shows how having an experienced representative who pays attention to the details can make all the difference in resolving your case. The member received…
Tax laws are constantly changing, and they can be subject to divergent interpretations. Never assume that an expense is not deductible solely because that is the generally accepted view. Research should always be done to confirm that the law hasn’t changed, or that new interpretations have not replaced…
When a tax return is audited, most of the time the examination occurs two to three years after the tax return was originally filed. It can be a big headache trying to remember what was done and why. This month’s case illustrates how having an experienced audit representative…
Giving up isn’t an option when you know you’re right. This month’s case demonstrates the importance of sticking with your story and knowing how to prove your position. It helps, too, to have an Audit Representative who won’t take “no” for an answer. The member received a bill…
For some people, sleepless nights go hand in hand with being audited by the IRS. This month’s case shows how a caring representative can help make the audit process a little less stressful, especially for anxious types. The member received a bill from the IRS for more than…
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