Debunking IRS Myths: What Every Taxpayer Should Know
Steve Perry- Many taxpayers fear the IRS due to myths and misinformation, which cause undue stress and hinder proper action. - Myth 1: You can negotiate with the IRS, especially when represented by experienced professionals like Steve Perry, EA, who manage audits and appeals. - Myth 2: The IRS does not always win audits; about 20% end without changes, and taxpayers can appeal or take cases to Tax Court. - Myth 3: Hiring a tax professional does not increase audit risk; it often reduces it by ensuring compliance and accuracy. - Myth 4: IRS representation by Enrolled Agents or tax attorneys is affordable and can save money by preventing costly mistakes. - Myth 5: Wage garnishment is a last resort after multiple notices and attempts to resolve the debt, not an immediate action post-audit. - Myth 6: Audits are civil procedures, not criminal; jail only occurs if fraud leads to criminal investigation. - Myth 7: Taxpayers can dispute audit findings through reconsideration, appeals, or Tax Court with professional help. - Myth 8: It’s never too late to seek help, even for unfiled tax returns; resolving filings is the first step to managing debts. - Books, Taxes & More, led by Steve Perry, EA, helps taxpayers understand their rights and confidently navigate IRS audits and disputes.