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You are here: Home / YouTube / Youtube income tax / The IRS audited my business aircraft. Can I appeal their findings?

Written by jonl

The IRS audited my business aircraft. Can I appeal their findings?


 

Transcript:

Yes, there’s several avenues in order to appeal the proposed adjustments of an IRS audit provided that you act within the time windows required by the IRS. Generally, they’re going to issue a letter of recommendations and proposed adjustments that allow you a 30-day window in order to file an informal appeal through IRS appeals. If you don’t file during that window of time, you may still have the availability of either tax court without paying the tax first, or filing suit in Federal court if you want to pay the tax and file a refund suit. Often the informal IRS appeals process, especially for aircraft, can be a really valuable way to make corrections to the initial audit adjustments, and is an avenue that’s regularly exercised by aircraft owners when there’s an adjustment at the audit level.

Filed Under: Youtube income tax

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Advocate Consulting Legal Group, PLLC. 3555 Kraft Rd. Suite 240 Naples, FL 34105 and 1300 N. Westshore Blvd. Suite 220 Tampa, FL 33607. Suzanne Meiners-Levy, Esq. (239) 213-0066. Tax Disclosure. We inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under federal tax laws, specifically including the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Privacy Policy. Terms of Use.