CP2000
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The IRS examines tax returns to determine if income, expenses and credits are being reported accurately. It employs various ways of selecting returns for examination. If your return has been selected, this does not mean that you made an error or were dishonest. For our clients, reply to an initial letter audit is part of the contracted fee, as long as it relates to information disclosed to us in the course of the engagement. Here is an overview of the whole process. Steps in the Examination Process
The Appeals Office To settle tax disagreements, there is an Appeals office which is separate and independent from the IRS office and the courts. How to appeal a decision After receipt of letter offering appeal rights, you generally have 30 days to reply if you agree to the decision or you want to appeal the same. Your appeal will only be entertained if you provide all information and your reasons are within the scope of the tax laws. Kinds of Appeals Requests
Requirements: A formal letter with the following information: a. Name, address and daytime telephone number b. Statement that you want to appeal the IRS findings to the Appeals office c. A copy of the letter showing the proposed changes and findings you do not agree with. d. Tax periods or years involved e. A list of the changes you do not agree with, and why you do not agree f. The facts supporting your position on any issue that you do not agree with g. The law or authority, if any, on which you are relying h. Your signature on the written protest, stating that it is true under the penalties of perjury, as follows: Under the penalties of perjury, I declare that I examined the facts stated in this protest, including any accompanying documents, and to the best of my knowledge and belief, they are true, correct and complete. If a representative prepares and signs the protest for you, he should include a declaration stating:
US Tax Court Once the IRS sends you a Notice of Deficiency or other letter containing Tax Court rights, you can file a petition with the US Tax Court. However, it will normally be considered by the Appeals office before the Tax Court hears your case. Further, you must avail of your right within the timeframe provided, which is generally 90 days. For cases involving $50,000 or less in tax, interest and penalties, a simplified procedure is allowed. Be careful however, because in using the same, you cannot appeal the Tax Court’s decision. Tip : While your case is under Appeals, interest continues to accrue. To avoid the same, you may opt to pay the entire proposed amount. After all, if you win the appeal, you are assured of a refund for any excess tax paid. Refunds take around 6-8 weeks to arrive. Payment Options
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