| Appeal Rights |
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| If the Internal Revenue Service determined that you owe additional taxes and interest and you disagree with the position your examiner has taken on a certain issue, you may request a meeting with the interviewer's supervisor. If you still do not agree, or if the examination was conducted through correspondence instead of through a personal interview, you will get a 30-day preliminary letter from the IRS listing its proposed adjustments and informing you of the alternatives available to you. More... |
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| Due Process in IRS Collection Actions |
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| The Internal Revenue Service is now required to give taxpayers whose property might be levied upon pre-notification of the levy and an opportunity for a formal hearing and judicial review. More... |
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| Abatement of Interest |
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| The Internal Revenue Service has sent you a notice indicating that you not only owe unpaid taxes but that they have assessed interest on that liability. The good news is that under certain circumstances, you are entitled to an abatement of interest on income, estate, gift, generation-skipping, and some excise taxes. The tax law permits a reduction if the interest assessment was due to an unreasonable error or delay by an IRS officer or employee performing a ministerial or managerial act. More... |
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| Interest Received |
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| The general rule is that any interest a taxpayer receives or that is credited to his or her account is taxable income. Some of the most common examples of fully taxable interest are interest on bank accounts, money market certificates, bonds, loans, deposited insurance dividends, and tax refunds. Even usurious or unreasonably large payments of interest that violate state law are taxable unless a state statute automatically converts those interest amounts into payments of principal. More... |
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| Enforcement Against Nonfilers |
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| It is the obligation of all citizens and residents to comply with the requirements of the tax laws by filing returns and paying taxes. The Internal Revenue Service takes the position that taxpayers who fail to file income tax returns and who stop paying taxes pose a serious threat to the economy of the nation. Therefore, the IRS is using its Criminal Investigation personnel for outreach, education, and enforcement of the tax laws if they have been violated. More... |
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