Moving is an experience most people dread. Not only is it stressful, its expenses often run in the thousands of dollars. One silver lining is that those moving expenses are often tax-deductible. This article details the IRS guidelines on tax deductions for moving.
IMPORTANT NOTE: These are guidelines based on material published by the Internal [...]
The IRS conducts two types of audits – the correspondence audit and the face-to-face audit. If you receive a notice of either of these audits, your IRS Problems may just be starting.
The Correspondence Audit
The correspondence audit is conducted through the mail. The IRS computers review every tax return and determine if there are needed [...]
The IRS Notice of Deficiency is an official letter to put you on notice that the clock is ticking. Basically the IRS is informing you that they are about to assess a tax liability against you. Also, it gives you notice that you have only 90 days to contest the proposed assessment in Tax Court.
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