An IRS audit is a review/examination of an organization’s or individual’s accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct. Why am I being selected for an audit? How […]
IRS Audits: Records We Might Request
When conducting your audit, we will ask you to present certain documents that support the income, credits or deductions you claimed on your return. You would have used all of these documents to prepare your return. Therefore, the request should not require you to create […]
Understanding Your CP87C Notice
What this notice is about We sent you this notice because you claimed a dependent on your tax return with reported gross income for more than the deduction amount for a dependent. Someone else also claimed this dependent with the same social security number on another […]
EP Abusive Tax Transactions
The IRS is engaged in extensive efforts to curb abusive tax shelter schemes and transactions. The Tax Exempt and Government Entities Division of the IRS, including the office of Employee Plans, participates in this IRS-wide effort by devoting substantial resources to the identification, analysis, and […]
Abusive Tax Shelters and Transactions
Office of Tax Shelter Analysis The Office of Tax Shelter Analysis (OTSA) in the Large Business & International (LB&I) Division collects and analyzes information about abusive tax shelters and transactions, and coordinates LB&I’s tax shelter planning and operation. We are taking steps to combat abusive […]