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Tax controversies can stem from filing mistakes

On Behalf of | Mar 17, 2020 | Tax Controversies |

Doing one’s taxes is not always an easy process. Even if New York residents use online resources or tax professionals to file their documents, they may still end up with questions from the IRS. In some cases, tax controversies can result, and individuals may need to handle discrepancies.

Typically, when employers and other parties send financial information relating to taxes to employees, they also send copies to the IRS. As a result, the agency should have the same information as the individual, which it uses to check the returns filed to ensure they are correct. It is not only work-related income that is reported to the IRS, so if a person forgets to include certain information or if the IRS makes a mistake, a person could receive notice to explain the differences or even to pay additional taxes.

In some cases, the IRS makes a mistake, so it is important that individuals who receive such notices don’t simply take the agency at its word. It is important that parties go over their own information, the information they filed and what the IRS states is the issue to determine who or what may have flagged a problem. In some cases, a discrepancy can be easily fixed, but in others, a taxpayer may need to take additional action to address the issue.

Tax controversies can be difficult to handle, especially if it appears that the IRS has made an error. Fortunately, New York residents in this type of dilemma can enlist the help of knowledgeable tax attorneys. Having someone well-versed in tax law on their side can help parties protect their rights and interests.