An audit is less dramatic than it appears in the movies – here's what to expect and how to help it go smoothly.

The Tax Court held that taxpayers who refused to meet with IRS Appeals after being offered a conference had been given the opportunity to dispute Sec. 6707 penalties assessed against them by the IRS.

On Jan. 10, 2025, Treasury and the IRS released final regulations (T.D. 10022) addressing the classification of digital content and cloud transactions. Proposed regulations (REG–107420–24) were issued ...

Millions of taxpayers received confusing IRS refund letters this year. Could improvements be on the way?

You may worry how new IRS security rules affect your refund, especially with direct deposit changes or unexpected notices. These updates can feel confusing, but you can stay protected with a few core ...

GREENSBORO, N.C. — Taxes are all about numbers, and each year, millions of math errors are caught by the IRS. For this tax season, taxpayers will now receive letters from the IRS detailing where they ...

Taxpayers who aren’t due a refund but received a CP53E notice anyway can ignore the notice after they confirm its validity online, the Taxpayer Advocate Service ...

BRIAN ROCHE JOINS US WITH THE TRUTH BEHIND THOSE LETTERS. SO THESE LETTERS PEOPLE ARE GETTING FROM THE IRS ARE KNOWN AS CP53E NOTICES. YOU CAN FIND THAT DESIGNATION IN THE UPPER RIGHT HAND CORNER OF ...

The IRS sends various notices to taxpayers for different reasons, ranging from balance dues to identity verification. Understanding these notices is crucial for timely and appropriate responses. From ...

Setbacks happen in life, and they can take a toll on your finances. But what if you have a tax debt and cannot pay? What happens if you ignore IRS notices? The short answer: nothing good. Tax debt can ...

Accounting firms are starting to see an increase in scams involving the CP53E notices that the Internal Revenue Service has been sending to taxpayers this year when they don't provide their direct ...

You’re waiting for your tax refund and just got a piece of mail from the IRS. The letter mentions there is a problem with depositing your money into your bank and asks you for your account number.