Identity theft is so prevalent these days. It is too easy to have your social security number stolen. It has actually happened to me. Someone stole my identity and filed a tax return using my social security number. Luckily for me, I caught it early and was able to prevent any major damage to my [...]
The IRS frequently issues tips to taxpayers on various topics. One topic of interest is tax benefits for job seekers. With so many people in the job market, the IRS feels that is imperative for job seekers to understand the tax benefits related to their job searches. Job seekers are able to deduct most costs [...]
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 [...]
Every year, the IRS sends millions of letters and notices to taxpayers. Many taxpayers will receive this correspondence during the late summer and fall. Here are eight things every taxpayer should know about IRS notices – just in case one shows up in your mailbox. Don’t panic. Many of these letters can be dealt with [...]
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 [...]
Working taxpayers may be eligible for the Making Work Pay tax credit, a significant tax provision of the American Recovery and Reinvestment Act of 2009. This tax credit means more take-home pay for millions of American workers. Here are five things the IRS wants every taxpayer to know about the Making Work Pay tax credit: [...]
If you are recently married or planning to get married, be sure to notify the appropriate agencies. This will ensure that there are no complications come tax season. The IRS – Form 8822 should be completed if you have a new address. The form is available online at IRS.gov. Social Security Administration- Form SS-5, [...]
The IRS is looking to revamp a 2o year old law regarding employee use of company cell phones. The law requires employers to track the amount of time employees spend on personal calls. This is considered benefit income and can be taxed. This law was not very popular because of the tedious task of tracking [...]
You are currently browsing the archives for the Taxes category.
