TaxAudit Blog

Keeping you up-to-date on tax issues that may affect your life.

 

IRS and Audit printed on puzzle pieces

What is an Audit Reconsideration? If a taxpayer goes through the audit process but disagrees with the results, they can request an Audit Reconsideration. Read More ›

 
IRS Agent

If you received a letter from an IRS Revenue Officer, you might be wondering what that means and what steps you should take next. Read More ›

 
Condos

There is a very good chance you can deduct mortgage interest on a second home – but it depends on the details of your situation. Let's explore more. Read More ›

 
Couple Looking at Paperwork

When certain medical expenses aren’t covered by a health insurance plan or have a high deductible, the IRS allows a tax deduction on the individual tax return. Read More ›

 
Man getting out of car wearing a business suit

Yes, you may be able to deduct mileage and gas on your taxes, but only if you meet certain conditions. Please allow me to explain. Read More ›

 
Chalkboard with Debt written all over it being erased

What if your spouse filed a return and failed to report income or overstated deductions – and you had no idea? This is where Innocent Spouse Relief comes in. Read More ›

 
Money dissolving in a person's hand

The amount of tax debt relief a person can receive depends on their financial situation. Many options are available to those who have outstanding tax debt. Read More ›

 
Gambling Roulette Table

The losses you incur from your gambling activities may be tax deductible, but the total amount of your deduction cannot exceed the amount of gambling income. Read More ›

 
Montana flag on money background

Estimated tax payments must be made when the estimated taxes owed by a Montana taxpayer – after any withholding and nonrefundable credits – is more than $500. Read More ›

 
Couple Looking at Paperwork

Taxpayers cannot always pay the full amount they owe to the IRS. Taxpayers can use an installment agreement to pay off their debt over time. Read More ›

 
This blog does not provide legal, financial, accounting, or tax advice. The content on this blog is “as is” and carries no warranties. TaxAudit does not warrant or guarantee the accuracy, reliability, and completeness of the content of this blog. Content may become out of date as tax laws change. TaxAudit may, but has no obligation to monitor or respond to comments.