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How to Deal When An IRS Audit Arrives During a Personal or Family Crisis

The IRS has a way of initiating audits at the worst possible times — during family emergencies, for example. Unfortunately, procrastination is never an option when the IRS comes calling. It may seem impossible to work through both personal crises and audit nightmares, but you can and will make it through the storm if you […]

How to Deal When You’re Audited By the IRS — And Your Records Are a Complete Mess

Paperwork nightmares strike the best of us. Unfortunately, those messy or missing records can prove a real liability when the IRS comes calling. If your records are in shambles, you may struggle to prove to the IRS that any deductions you made or credits you took advantage of are valid. All hope is not lost, […]

3 Celebrities Who Have Been Audited By the IRS

From ordinary individuals to the rich and famous, IRS audits strike virtually every type of person. As you struggle with IRS issues, you can at least take solace in knowing that the following celebrities have been in your shoes: Gisele Bündchen Bündchen blames Forbes for an audit she suffered, claiming that her position atop a […]

End of the Government Shutdown: What’s Next for the IRS and for Taxpayers? (Part 2)

While the federal government has been temporarily reopened after the longest shutdown in history, the IRS faces a serious backlog, and taxpayers face a confusing season with a whole new set of tax laws. Having previously discussed the obstacles facing the agency—including the threat of another shutdown in coming weeks—what can taxpayers expect, and how […]

End of the Government Shutdown: What’s Next for the IRS and for Taxpayers? (Part 1)

After a 35-day partial shutdown of the federal government—the longest in U.S. history—President Trump and Congressional leaders have agreed on a short-term spending bill to reopen the government for three weeks. For now, this means the IRS is officially open and back to its normal workforce capacity. What happens now? What can we expect from […]

5 Common IRS Payment Plan Mistakes to Avoid

It’s time for a sigh of relief — you applied and were approved for an IRS payment plan. Now, it’s up to you to abide by the terms of that agreement. Failure to do so could lead to additional fees or other harsh consequences. The following are five of the easiest ways to destroy your […]

The Top 3 IRS Payment Installment Agreements: A Quick Overview

If you’re unable to immediately pay your taxes but believe you could within the next few months, you may be a prime candidate for an IRS payment installment agreement. Read on to learn more about the various types of agreements — and to determine which is appropriate for your situation: Short-Term Payment Plan Looking to […]

IRS Is Recalling Thousands of Furloughed Workers: How This Could Affect You

With the ongoing government shutdown threatening to delay the refunds of millions of taxpayers, as well as delay the resolution of outstanding tax cases, the White House this month broke with conventional protocol and announced that the IRS would be able to process refunds as normal beginning at the end of January. Further, they have […]

The Weirdest Excuses People Give the IRS For Unpaid Back Taxes

Given the government shutdown, we thought we would keep things light today. Sometimes, the most responsible taxpayers mess up. Life can get in the way and force well-meaning individuals to fall behind for legitimate reasons. Others, however, attempt to use unfathomable excuses to explain their failure to pay up. A few of the strangest excuses […]

UPDATE: How the Government Shutdown Is Affecting Tax Season

The drama surrounding the federal government partial shutdown—now officially the longest of its kind in U.S. history—continues to unfold. While the impact reaches almost every department of the federal government, all eyes are on the IRS at the moment, as the shutdown is extending into the launch of tax season. Let’s recap a few of […]