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Tax

Jul. 27, 2012

Your IRS income tax audit: know when to say "no"

Resist the impulse to persuade, and resist the impulse to accept the offers made by the IRS agent. By Bruce Givner and Owen Kaye of Givner & Kaye


By Bruce Givner and Owen Kaye


Very few people enjoy getting a notice of an Internal Revenue Service audit. IRS Form 4564 - Information Document Request - labeled "Request Number 0001" - may be the first of several requests that will require you and your accountant to gather records for review by the IRS revenue agent. The accompanying statement of "Your Rights as a Taxpayer" is not likely to calm your nerves.


First, your return may ...

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