DEFINITION of 'IRS Publication 1 '

A document published by the Internal Revenue Service that identifies a taxpayer's rights and outlines the processes followed by the IRS when it examines a taxpayer, issues a refund or collects taxes, as well as the appeals process that a taxpayer can initiate.




BREAKING DOWN 'IRS Publication 1 '

IRS Publication 1 is part of a long series of publications explaining how the IRS conducts business. The document outlines a number of rights afforded to taxpayers, including the right to privacy; to know how personal information is to be used; to be treated fairly by IRS employees; to representation during proceedings; to only pay the correct amount of tax; to be assisted if taxes create hardship; to be allowed to appeal a tax liability; and to not be penalized financially for mistakes made by IRS employees.

RELATED TERMS
  1. IRS Publication 556: Examination ...

    IRS Publication 556: Examination Of Returns, Appeal Rights And ...
  2. Cash Basis Taxpayer

    A cash basis taxpayer is a taxpayer who reports income and deductions ...
  3. IRS Publication 594

    A document published by the Internal Revenue Service (IRS) that ...
  4. Appeals Conference

    Appeals conference is a conference that a taxpayer can request ...
  5. IRS Publication 929: Tax Rules ...

    IRS Publication 929: Tax Rules for Children and Dependents is ...
  6. IRS Publication 523

    A document published by the Internal Revenue Service (IRS) that ...
Related Articles
  1. Taxes

    Form 9465: Don't Pay Your Back Taxes Without It

    This form can lighten your tax load if you owe Uncle Sam. And you can often apply online.
  2. Taxes

    20 Tax Changes You Need To Know About

    Don't miss out on the tax changes. Here's a list that you need to know about.
  3. Taxes

    Why People Don't Lie On Their Tax Returns

    Studies show people are overwhelmingly truthful when it comes to their tax filing, even when lying would benefit them.
  4. Financial Advisor

    IRS Allows Mortgage Deduction for Unwed Couples

    Single taxpayers who co-own one or more of their homes with another person can now each claim a deduction for the mortgage interest.
  5. Insights

    Guess How Much it Cost Taxpayers to Protect the First Family

    Protecting and serving the President's family runs into the nine figures annually.
  6. Taxes

    The Tax Refund: When It Hurts Your Retirement

    A refund can represent a lost opportunity cost for things you could have done in the past.
  7. Taxes

    7 Expenses You Won't Believe Are Deductible

    Many taxpayers would be surprised to discover some of the things that qualify as legitimate deductions.
  8. Personal Finance

    Are 'Free' Tax Refund Loans Really Free?

    While tax refund loans are now completely free, getting one can cost you in tax prep and other fees.
  9. Taxes

    7 Reasons Why You Haven’t Received Your Tax Refund

    The reasons for a delay in getting your tax refund range from incorrect information on your forms to a debt offset. Here are five more, plus remedies.
  10. Taxes

    Smart Year-End Tax Moves for 2016 (Part Two)

    Here's are some crucial tax planning strategies for investments, Social Security and Medicare.
Trading Center