The IRS Audit Blog

Posts Tagged ‘tax deductions’

The Most-Overlooked Tax Deductions

Here are the top 19 breaks — including six new ones — that you shouldn’t pass up.

Peter Newman, Scott Borden, Michael Lee: Economics 2009

Question: What is the interest rate for payment on an IRS tax audit?

I owe 15,000 from an 05 audit. I have the money but would rather make monthly installments on the money. I have good credit. First off would they let me make payments if I could pay it off in full? Secondly, what is the interest rate that they charge and are their hidden fees?
Indiana what are you talking about?

Answer: If you have the cash, the IRS will want it to pay your tax. If they agree to payments the interest will be 10% and you can’t get that at a bank account.

Aid won’t stop tax increase in Glo. Twp.

Gloucester Township will receive a $250,000 infusion from the state this fiscal year, but it won’t be enough to avert a tax hike.

How to Avoid an IRS Tax Audit : How to Organize Receipts for Tax Deductions