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The IRS
Auditing Tax Returns The Appeals Process Internal Revenue Service Statistics The IRS Got Audited in 2013 and It Wasn't Pretty. The Internal Revenue Service (IRS), a bureau of the U.S.…Auditing Tax Returns
Most taxpayers' contacts with the IRS arise through the auditing of their tax returns. The service has been empowered by Congress to inquire about all persons who may be liable for any tax…The Appeals Process
Taxpayers who, after audit of their tax returns, disagree with a proposed change in their tax liabilities are entitled to an independent review of their cases. Taxpayers are able to seek an…Federal Individual Income Tax
Tax Brackets—2014 Taxable Income Who Must File a Return…Adjusted Gross Income
Gross income consists of wages and salaries, unemployment compensation, tips and gratuities, interest, dividends, annuities, rents and royalties, up to 85% of Social Security benefits if the…Itemized Deductions
Taxpayers may itemize deductions or take the standard deduction. The standard deduction amounts for 2014 are as follows: $6,200 for single persons, $9,100 for…Personal Exemptions
Personal exemptions are available to the taxpayer for himself, his spouse, and his dependents. The 2014 amount is $3,950 for each individual. No exemption is allowed…Credits
Taxpayers can reduce their income tax liability by claiming the benefit of certain tax credits. Each dollar of tax credit offsets a dollar of tax liability. The…State Corporation Income and Franchise Taxes
Forty-five states impose a direct tax on corporations, measured at least partially by net income. Michigan, Nevada, South Dakota, Washington, and Wyoming are the exceptions, though Michigan…Poverty
Below is an overview of the number and rate of people who were living in poverty in the United States in 2007. The figures, which are broken down by age, race, family type, region, and nativity, are…Trending
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