IRS audit letters: What you need to know

[ad_1] Each year, every US citizen is required to submit their tax reports to the Internal Revenue Service (IRS). You end up either owing money or requesting a refund.  After tax day, the IRS analyzes the submitted reports, and often, that’s it. But if the system...

When does the IRS freeze taxpayer assets?

[ad_1]   The Internal Revenue Service (IRS) has a variety of methods to address taxpayers who do not file accurate tax returns or do not submit a return.  Among them, the federal agency can deny an application for a U.S. passport or revoke an existing one. The IRS can...