4 Reasons Not to Take an IRS Audit Notice Personally
Have you received notice of an IRS examination of your tax returns? While few taxpayers ever get audited by the tax agency, the experience can be very stressful to those who are. You may wonder how you triggered an audit or what you’ve done wrong to cause this to happen.
The truth is that many audits should not be taken as a personal affront to your honesty, your record-keeping, or your math. These types of audits are often triggered by a few key actions that may not even have anything to do with you. Here are four of the most common scenarios that may be out of your control.
Anyone can suddenly discover their debt has overtaken their ability to repay their bills. Many people have more than their credit to worry about when they decide to file bankruptcy. Parents that avoid the process often do so because they believe the filing could make life difficult for their children. Bankruptcy may cause complications, but it does not have to end any dreams.
Do you owe back taxes? Have you received payment demands or other worrying letters from the Internal Revenue Service (IRS)? Owing money to the IRS can be scary and confusing, but luckily, you have options. Here is a look at just five of the potential routes you may be able to take with your tax payment.
Any single parent knows the struggle of trying to raise a child, but that difficulty only increases when bills begin to pile up. You may find that you are not able to afford the lifestyle you once had, or perhaps you realize that your child is suffering because of it.