How Far Back Can IRS Audit?

How long before I can be sure I am safe from the IRS

One of the most common queries of taxpayers is: How long before I can be sure I am safe from the IRS ? Basically, he is asking ” How long before he can consider himself safe from the IRS”? The answer to such a question can not ever be absolute, because the way Internal Revenue …

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How does adoption tax credit work?

adoption tax credit

Before one jumps to find the answer of this question, one should know ” What is adoption tax credit ?”. So let me begin with that. As per the Internal Revenue Code, anyone adopting a child whether via public foster care, domestic private adoption, or international adoption, shall get a tax credit for qualified adoption …

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How to Get first-time penalty abatement from IRS?

first time penalty abatement

IRS has an administrative policy to waive the penalty for failure to file the tax return or pay taxes in time or deposit tax in time if certain conditions are fulfilled by the taxpayer

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