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Filing your return may not mean the end of tax issues

Source: https://cnbc.com/2018/03/21/filing-your-return-may-not-mean-the-end-of-tax-issues.html - Mar 22, 2018

Just because you file your taxes for a refund and the IRS accepts your return doesn't mean you are free and clear.

Each year, the IRS mails notices to millions of taxpayers challenging their reporting. Notices from the tax collector aren't as severe as an agency audit, yet they serve essentially the same purpose — and most likely you'll owe taxes.

"Technically, these aren't audits," said Jim Buttonow, director of H&R Block's Tax Audit and Notice Services. "But that doesn't really matter, because they feel like audits to most people."

Category: General Business