As of 2014, the IRS can audit tax returns that have been filed within the past three years. However, if a substantial error is found, the agency can include additional years. In this case, an audit usually does not cover returns that date back further than the past six years.Know More
Generally, the IRS attempts to conduct audits as soon as possible after tax returns are filed. Most audits pertain to tax returns filed during the past two years.
Audits can be conducted entirely by mail or may be conducted in person at a local IRS office. If the audit does not result in a timely resolution, the IRS may request an extension on the statute of limitations for assessing a return.Learn More
The IRS does not necessarily know the martial status of taxpayers; the IRS goes by whatever statuses the taxpayers choose on their returns, notes Marketwatch. As a general rule, it is beneficial for most couples to file a joint return, although there is also an option for married filing separately.Full Answer >
An Internal Revenue Service (IRS) enrolled agent is a person who has earned the right to represent taxpayers before the IRS in one of two ways: either by experience as a former IRS employee or by passing a three-part comprehensive IRS exam. This is the highest credential the IRS awards.Full Answer >
The address used to send the IRS Form 940 entirely depends on where the employer is located and whether a payment is included with the return, and the IRS lists the various addresses on its website. If the employer isn't including a payment, the form may be sent to IRS offices in Cincinnati, Ohio or Ogden, Utah. If a payment will be included, the employer will either send the form and payment to an IRS office in Cincinnati, Ohio or Hartford, Connecticut.Full Answer >
The Internal Revenue Service, commonly referred to as the IRS, facilitates direct deposit into a bank account for tax refunds when requested. According to the IRS website, taxpayers in 2014 who use an e-file service and request direct deposit typically receive refunds in as little as 10 days.Full Answer >