Contributed by: Dwayne Harmon / 2 people recently found this useful
Contributed by: Dwayne Harmon / 1 person recently found this useful
Contributed by: Christopher L. Brown / 1 person recently found this useful
A tax audit is defined as an examination by the Internal Revenue Service (IRS) of an individual or a corporation’s tax return to verify that the return is accurate and complete. The Internal Revenue Service has an appeals system for people that wish to appeal their tax return. Appealing a tax audit by the IRS does have its rewards, including some savings, but is also has it setbacks as well. Learn about the Tax Audit Appeals Process.
Tax law is separated into two divisions which are Federal & State.
Federal and State tax law involves the taxation of income and property acquired through personal and professional efforts. In addition to income tax, there are sales, capital gains, property, inheritance, and a myriad of other areas of taxes.
Federal income tax became part of the law in 1913. It occurred when the sixteenth amendment to the U.S. constitution was ratified. Despite the fact that several states do not have an income tax, all residents and citizens of the United States are subject to federal income tax. The more assets that an individual person owns, unfortunately, the more complicated the tax law becomes.
Congress writes the laws which are subject to become a part of the tax code. The IRS (Internal Revenue Service) is charged with interpreting the tax code. The Internal Revenue Service (IRS) is a branch of the U.S. treasury department, with headquarters in Washington, D.C., and is ruled by a commissioner selected by the president. Regional commissioners and district directors, and political appointees oversee the Internal Revenues operations. Commissioners and district directors, and political appointees oversee the Internal Revenues operations. There are service centers located in several cities and states including: Mass, Cincinnati, Holtsville, Ogden, Andover, Atlanta, Memphis, Austin, Kansas City, Fresno.
We have Taxation Attorneys that willing to work for you. They can explain the state and federal tax law in detail.
There Are Ways For People Facing Hardships To Deal With Taxes.
You may qualify for an Offer in Compromise if you are unable to pay your taxes in full or if you are facing severe or unusual economic hardship
If you are suffering, or about to suffer a significant hardship because of the way Internal Revenue laws are being carried out, you may ask for special help from the IRS' Taxpayer Advocate Program. The Taxpayer Advocate represents your interests and concerns within the IRS by protecting your rights and resolving problems that have not been fixed through normal channels.