Personal Finance 1st Edition by Jack R. Kapoor

Exercise 21

1 What are the main sources available to help people prepare their taxes?

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2 What actions can reduce the chances of an IRS audit?

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3 What appeal process do taxpayers have if they disagree with an audit decision of the IRS?

Action Application Conduct an Internet search to obtain additional information about e-filing procedures.

Step 1 of 3

(1) The main sources of tax assistance are

• Internal Revenue Service(IRS) publications

• Recorded messages- Tips covering everything from filing requirements to reporting gambling income.

• Phone hot line- Information about specific problems

• Walk-in-service

• Automated tax kiosks- Touch screen to provide a quick, self-service option for taxpayers without internet access.

• DVD- 2,000 tax forms and publications