The IRS does not treat all expenses the same when reviewing a taxpayer’s financial situation. Some expenses are considered allowable, while others are not, and that difference can directly affect how much the IRS expects someone to pay toward tax debt or an IRS payment plan.

Unaccounted funds on bank statements can raise concerns during an IRS financial review. In some cases, those funds are tied to necessary expenses that were not initially disclosed. When properly documented, certain costs, such as medical expenses, may be treated as allowable expenses under IRS guidelines.

IRS Help works with individuals to identify allowable expenses, review financial records, and prepare accurate IRS financial statements that reflect the full picture before presenting it to the IRS.

For professional tax resolution assistance in Buffalo, NY, and across the U.S., call IRS Help at 1-800-477-4357 or visit IRSHelp.com.