IRS Demanding More Dough? You Might Need to Head to Court

Have you received a proposed adjustment from the IRS in the aftermath of an audit? Well, before you faint, freak out, or scream other things that start with the letter “F,” keep in mind that you have options. This is because before the IRS-proposed adjustments from your audit are deemed final and you are on the hook for the amount allegedly owed, under law you can file a petition to appeal to the U.S. Tax Court. This is a Federal-level court, established by Congress (so yes, they do get some things right!) that is authorized to hear tax dispute matters … Continue reading IRS Demanding More Dough? You Might Need to Head to Court