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.
I have more liar jokes than anyone in the world! (he said) --------------- "I am the biggest liar in the world", said Pat. "No, you're not," said Mick, "I am!" "Prove it, then," says Pat Mick says, "Last week I swam UP Niagara falls!" "I know," says Pat, "I saw you." --- Newsman: "Mr. Mayor, why is it that your opponent in the election says such terrible things about you, while you only say what a good job he's done on the city council?" Mayor: "Maybe we are both lying." --- Girl to guy: "You are such a terrible liar. You said you owned a Rolls-Royce and a Jaguar, and I've never seen either one." Guy: "I keep them parked at my estate in France." Girl: "You don't own an estate in France. I've never heard of you flying to Europe." Guy: "I use my private plane." Girl: "You don't have a private plane. There's none registered in your name." Guy: "That's because I use a fictitious name for tax purposes." IRS agent: "Is that so? We've heard enough. Come with us!" Guy to girl: "Wait! Tell them I was making all that up!" Girl: "Don't worry. I'll tell your chauffeur to have your pilot call your lawyer." --- Guy to Girl: "You're looking for a pet? I'll sell you my dog for $10. He's in the back." Girl goes in back, says "Hi, Doggie! I'm thinking of buying you." Dog: "Oh, man. I knew he'd do this." Girl: "Wow! You can talk?" Dog: "Yeah, I've been living here since I left the CIA. I helped them overthrow two governments and stole secret information from the KGB." Girl goes back in front: "I can't believe you'd sell that dog for just $10." Guy: "Are you kidding? He never worked for the CIA. He's lying." ---
NSTP stands for the National Society of Tax Professionals. This society includes IRS agents and licensed tax preparers. An introduction usually refers to an opening descriptive statement or paragraph. As the NSTP is not a book or a document, it does not have an "introduction". The society does have a mission statement which speaks of helping tax professionals excel at their work.
The answer is "no change yet."
Yes, the IRS can, and will, garnish an income tax refund if money is owed from an audit.
When TurboTax says your refund was approved, it means that the IRS has reviewed your tax return and has agreed to issue you a refund for the amount you are owed. This typically indicates that your tax return has been processed successfully and that you will receive the refund soon.
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.
TurboTax and the IRS may have different timelines for processing tax refunds. TurboTax's notification that your refund was accepted means they have submitted your return to the IRS successfully. However, the IRS may still be in the process of reviewing and finalizing your refund, which is why they say it is still processing.
TurboTax says your refund was accepted because the IRS has reviewed and approved your tax return, confirming the amount of refund you are entitled to receive.
TurboTax and the IRS may have different timelines for updating refund statuses. TurboTax's message of acceptance means they have transmitted your return to the IRS successfully, while the IRS website may still be processing and verifying the information before issuing the refund.
A. A tax refund
When you find a message through the IRS for your tax refund status that says it has changed state to succeeded agency this means that your state tax return was transmitted successfully. This is often the result with e-filing your tax return.
When the IRS indicates that your refund is approved, it means they have processed your tax return and confirmed that you are eligible for a refund. This status typically follows the acceptance of your return, indicating that the IRS has verified your information and found no issues. You can expect the refund to be issued soon, either via direct deposit or a mailed check, depending on your chosen refund method.
what will happen if i do not show up for a irs audit
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.
I don't understand your question. A refund (rapid or otherwise) occurs when you have overpaid your taxes and the IRS owes you money. If you owe the IRS money, you will not be getting any kind of refund. If you are talking about the situation where this year's tax return shows a refund, but you still owe unpaid taxes from last year, do NOT apply for a rapid refund. The IRS will keep your refund to pay your back taxes and the rapid refund company will still charge you a fee for processing the rapid refund even though you won't be getting any refund. You've waited this long to get a refund. Even if the IRS wasn't getting your refund, is it really worth paying $100 or $200 in fees just to get your refund one week earlier? well that answer is not totally true if you owe the IRS does not mean will not get any refund back because they could have still owed it from the year before and the IRS will deduct what is owed and send out the difference