IRS Publication 5 - Your Appeal Rights And How To Prepare A Protest If You Don't Agree
 |
Definition of 'IRS Publication 5 - Your Appeal Rights And How To Prepare A Protest If You Don't Agree'A document published by the Internal Revenue Service outlining the procedure taxpayers are to follow if they disagree with IRS findings. Taxpayers have the right to request a meeting, conducted either in-person or over the telephone, with the supervisor of the IRS employee who issued the findings. If the meeting does not resolve the dispute, the taxpayer can appeal the case. Appealing the case may require a written letter of protest outlining why the taxpayer doesn't agree with the IRS findings. |
 |
Investopedia explains 'IRS Publication 5 - Your Appeal Rights And How To Prepare A Protest If You Don't Agree'In most cases, taxpayers who don't reach an agreement at the appeals conference may be eligible to take their case to court. When in court, taxpayers can either represent themselves or hire a CPA, attorney or an enrolled agent. If the tax appeals court discovers that the taxpayer has filed a frivolous lawsuit, it can fine the taxpayer upwards of $25,000. |
Related Definitions
Articles Of Interest
-
Surviving The IRS Audit
Keeping thorough records and knowing the penalties make this experience easier than you'd expect. -
Don't Let Inaccurate Tax Forms Get You Audited!
Copying in numbers directly from your tax forms can end up with you paying more (or less) taxes than you owe. -
IRS Asset Seizures: Could It Happen To You?
If you can't pay your taxes, know that the IRS has many avenues for collecting what you owe. -
Tax Court: Your Last Resort
Appealing an unfavorable or unfair tax ruling may be your last chance to save your finances. -
How To Appeal Your IRS Audit
The auditor's review isn't always the last word. Many taxpayers who are audited can successfully appeal their audits and save thousands of dollars. -
Has Income Tax Become A Class Tax On The Poor?
With more than 33% of American families falling close to the poverty line despite their adult members holding full-time employment, a rising number of citizens are being forced to pay a rate ... -
How The 2014 Obama Budget Could Affect Your Finances
Depending on which estimate you believe, Obama's proposed budget would raise the tax bill of a household with a yearly income of $50,000 to $75,000 between $63 and $100 per year. However, that’s ... -
Austerity: When The Government Tightens Its Belt
When a government tightens its belt in tough economic times the entire nation feels the squeeze. -
Inaccurate Tax Return, Now What?
If the IRS finds errors, it will cost you. Find out how to fix them, and how to prevent them in the first place. -
How To Safeguard Your Tax Returns From Identity Theft
Identity thieves love tax season. In 2012, there were 13 million victims of identity theft. As easy as it is for thieves to steal your information, there are also simple measures you can take ...
Free Annual Reports
