Understanding taxpayer rights: The right to be informed
Taxpayers Have A Right To Know What They Need To Do To Comply With The Tax Laws. Did you know that the average person is entitled to a right to privacy? As it relates to tax returns, the concept of privacy is reinforced by the Taxpayer Bill of Rights. This affords each taxpayer multiple rights. Of the ten outlined in the Taxpayer Bill of Rights, two are specific to what concerns us here.
To make sure taxpayers are informed, the IRS will:
Include within certain notices any amount of the tax, interest, and certain penalties the taxpayer owes.
Explain why the taxpayer owes any taxes.
Explain the specific reasons why it denied a refund claim.
Post information on IRS.gov to help taxpayers understand their IRS notice or letter.
Send a letter when the agency assesses a tax. That letter must include:
Information on how the taxpayer can appeal the decision.
An explanation of the entire process from audit through collection.
Details on how the Taxpayer Advocate Service can help.
Send an annual statement to taxpayers who enter into a payment plan. The statement will include how much the taxpayer:
Owes at the beginning of the year.
Paid during the year.
Still owes at the end of the year.
Make forms and publications available on IRS.gov.
Use social media to provide helpful tax information to a wide audience of taxpayers
For More information please visit focusyourfinance.com