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When you pay more than you owe in taxes and the IRS gives you money back, that money is called _________. A. A tax refund B. Gross pay C. Estimated tax D. An audit?
Kade Stanton
A. A tax refund
jkw8886
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Can the IRS garnish an income tax refund if money is owed from an audit?
Yes, the IRS can, and will, garnish an income tax refund if money is owed from an audit.
What is the difference between tax audit and statutory audit?
Audit under any statute in a Country(State) is called statutory audit & Audit under any taxation law is called tax audit. For example books of accounts are audited under the Companies Act, 1956 (Statutory Audit) and Financial Statements of companies are prepared as per the provisions of this Act. Books are also audited under the Income Tax Act, 1961 and the income arrived at as per the provisions of this Act is taxed (Tax Audit).
What do you do when you got a tax refund and shouldn't have?
Contact the IRS immediately to disclose the error. The government eventually will figure it out and may audit you. Additional charges and penalties may ensue.
What is an in-depth examination of income tax returns is called an?
audit
What is an in-depth examination of income tax returns called?
An audit
Can the IRS garnish an income tax refund if money is owed from an audit?
Yes, the IRS can, and will, garnish an income tax refund if money is owed from an audit.
Will the IRS hold your 08 refund while you are in the audit process from the 07 taxes?
Probably....and also likely = depending on what the audit is seeing - that they will extend the audit to 2008 - at least for those things they dispute for '07.
Can one get an independent audit of the general liability policy at no charge?
Yes, you can. Our company performs just such an audit and we are only paid if we obtain a refund. Our site is www.USA-Audit.com.
What is gaap for accounting for audit fees you intend to record the estimated current year audit fees to the provision for audit fee account your CPA states you cannot accure until service is rendered?
You are booking a known expense.
What does it mean when the IRS says there audit your refund?
An IRS audit is a review/examination of an organization's or individual's accounts and financial information to ensure information is being reported correctly, according to the tax laws, to verify the amount of tax reported is accurate.
What is it called when you sit in on a class that you are not registered for?
audit
Whats called a person facing Audit from Auditor?
A person facing an audit is called a pre-clear. This means that they have not been cleared yet by the auditor.
What is the difference between tax audit and statutory audit?
Audit under any statute in a Country(State) is called statutory audit & Audit under any taxation law is called tax audit. For example books of accounts are audited under the Companies Act, 1956 (Statutory Audit) and Financial Statements of companies are prepared as per the provisions of this Act. Books are also audited under the Income Tax Act, 1961 and the income arrived at as per the provisions of this Act is taxed (Tax Audit).
What do you do when you got a tax refund and shouldn't have?
Contact the IRS immediately to disclose the error. The government eventually will figure it out and may audit you. Additional charges and penalties may ensue.
What is an in-depth examination of income tax returns is called an?
audit
What is an in-depth examination of income tax returns called?
An audit
How do you conduct an external strategic management audit Specify three external forces that have recently affected your organization in one or another way and what measures have been taken to cope?
strategic mgt audit is a technique of measuing the orgnisation 's performence
