During the course of tax season, many people make mistakes when preparing their returns. Some of the most common involve the filing status, number of dependents, total income and deductions. Other mistakes such as computational errors are usually corrected by the IRS.
Corrections to your return should be made using Form 1040X, Amended US Individual Income [...]
The tax filing deadline is only a month away. If you are like many Americans, you haven’t filed your taxes yet. But do not delay. April 15th will be here before you know it. What can you do now in order to stop procrastinating? Listed below are some quick tips to help you meet the [...]
No one wants to be audited by the IRS. It is embarrassing and also draining emotionally. It makes many people uncomfortable because it implies that you did something wrong. But just because you are audited doesn’t mean that you did something wrong. The IRS randomly picks who it audits. Some individuals are more likely to [...]
Source: IR-2009-101, Nov. 5, 2009
WASHINGTON — The Internal Revenue Service is looking for taxpayers who are due to receive a combined $123.5 million in the form of 107,831 refund checks that were returned to the IRS by the U.S. Postal Service due to mailing address errors.
“We are eager to get this money into the hands [...]
Although most people won’t be filing their tax returns for several months, the dog days of summer are actually a great time to start planning for the tax filing season by ensuring your records are organized. Whether you are an individual taxpayer or a business owner, you can avoid headaches at tax time with good [...]
Tax season is upon us. My personal belief is that preparation is key to making it through tax season. Many people become overwhelmed by all of the forms and deadlines. Well, to help you get organized for this tax season, I offer these simple tips: