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Tax Law Archives

The basics of appealing an IRS action

You just finished a grueling audit that seemed to go on for months. As of yet, the IRS has not notified you of an adjusted tax liability, but you want to be prepared in case it happens. Knowing what to expect will help you prepare for the meeting with the agent.

What to do if the IRS claims you owe 14 trillion in taxes like this Brit

This past year, a British man named Giles Hembrough was contacted by the HMRC (Britain's tax collection agency) with a notice that he owed over 14 trillion pounds in taxes. To put that number in perspective, it's enough money to buy 93 million Lamborghini cars or 46 billion iPhones.