Yes, it is possible to appeal the amount of taxes owed to the IRS. The first step is to file a request for a reconsideration of the tax assessment with the IRS. This must be done within 60 days of receiving the notice of assessment from the IRS. The request should include a clear explanation of why you believe the tax assessment is incorrect, along with any supporting documents.
If the IRS denies the request for reconsideration or fails to respond within six months, the next step is to file an appeal with the IRS Office of Appeals. This must be done within 30 days of receiving the IRS decision. The appeal must be in writing and should include a clear explanation of why you believe the tax assessment is incorrect, along with any supporting documents.
If you are not satisfied with the decision of the IRS Office of Appeals, the final option is to file a lawsuit against the IRS in U.S. Tax Court or another appropriate court. It is important to note that there are strict time limits for filing a lawsuit and failure to meet these deadlines can result in the loss of the right to challenge the tax assessment in court.
It is recommended that you seek the assistance of a licensed attorney with experience in tax law to help you navigate the appeals process and ensure that your rights are protected.
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