Insights

Paying income taxes is an expected obligation for every individual living and working in the United States. However, some taxpayers fail to report certain income, underreport their taxes, report excessive expenses, or make math errors in their taxes.

Probably the scariest piece of mail you can receive is one that has the return address of the Internal Revenue Service (IRS). While some of these letters may be informational only, most likely a letter from the IRS will require some kind of response, perhaps even a payment or a payment arrangement.

The worst mistake anyone can make when it comes to tax collection is to ignore it. The worst part of the issue is not the audit or the original tax amount itself.

Filing and paying taxes can be momentarily painful. Taxpayers who fail to file taxes are, subject to harsh civil penalties. However, the Internal Revenue Service (IRS) can make mistakes due to human errors.