Nationwide Tax Consulting

An IRS audit is a review of an organization's or individual taxpayer's financial information to verify that the figures reported to the IRS are correct, follow the relevant tax laws and report the right amount of tax due. An IRS audit may take place via correspondence, at an office, or the taxpayer's place of business or accountant's office. IRS doesn't audit an individual or business unless they find anything questionable in your filing.  Many things can lead the IRS to audit you if you have not been honest in the filing. There are three types of IRS audits, which are the following: Correspondence audit.  Conducted via writing and not face to face with an auditor. In the fiscal year 2018, nearly 75% of audits were conducted via correspondence, according to the IRS. Office audit.  You'll generally have to meet with an auditor in person, Pinck says. Expect to meet at an IRS office and for the experience to last between two and four hours. Field audit....

Individuals lose thousands of dollars every year in scams in tax days as they are contacted by scammers claiming that they owe money IRS, and they will have to pay right away, and individuals easily get trapped and lose money. Well, today's post by Nationwide Tax Consulting will describe scams and will also share ways to go out of this. Received a call: Mostly Individuals receive call, claims to be from IRS, and which tells them that they are debt and they need to pay right now. The first thing to know, that IRS never calls to claim taxes, and if you are receiving such calls, it is a complete scam. Do not panic, and try to get some information about the caller, like back call no., name and such things, and report it to IRS. Threaten You: Individuals have also reported that callers threatened them to send jail if they don't pay taxes now. Well, IRS never threaten you to send prison for not paying taxes, instead IRS is ready to negotiate on possible terms, which can be offer i...

Receiving a call from IRS could panic you, but it is time you take this call with confidence. The most important thing you should know that IRS never calls you to claim tax, and if you are receiving this call from IRS, then you are about to get into a scam. Yes, scammers are active mostly in tax days as it is easier for them to put individuals in a trap who is not aware of IRS rules and regulations.  You should know that IRS only claim taxes through mail letter. Most individuals who are not aware of this, get panic on call, and they lose money. If they find you are panicked, they will start threatening you to pay right now from credit card, and if you decline, they might ask you to send you jail.  Do not fall into words, and keep the following things in mind:   IRS never calls  IRS never threaten  IRS doesn't accept payments through credit card During such calls, try to get information from the caller, like his name, and call back number and...

Tax days of the year are not carefree, and it's more difficult when individuals receive calls from IRS, claiming money and threaten to pay right now. A call from IRS is not a good thing; anyone would expect, and such words even make you panicked inside. Today, We are here to reveal the truth of the IRS call, and after that, it will be on you what decision you have to take at that time. First of all, IRS never calls to claim tax, so the call you are receiving is a scam, and they are after your money. IRS will send you a mail letter, but they don't call or email. If you are receiving a call, don't panic and ask the caller for back calling no., name, and other details you can get from them. If a caller threatens you to pay tax right now through credit card, don't get trapped in words. IRS never threaten individuals as they are willing to settle things in possible ways if you cannot afford to pay your taxes, they offer install agreement, an extension that will buy you mor...