When I came in ready for the work day, I came across an article on Kiplinger highlighting the 20 IRS red flags to prompts an audit by Joy Taylor, Editor. Although this article goes into some length about the 20 red flags, I agree with the majority of the article. I’d like to discuss the [...]
What does compliance mean? It could mean the difference between smooth tax resolution or forced collections. Smooth Tax Resolution: Compliance means filing your tax returns on time and timely paying if you owe and filing any missing returns not yet filed. Remember, filing an extension to file your tax returns is just that. The extension [...]
Offering time-saving alternatives to a telephone call, the Internal Revenue Service reminds taxpayers they can get fast answers to their refund questions by using the "Where's My Refund?" tool available on IRS.gov and through the IRS2Go app. The IRS issues nine out of 10 refunds in less than 21 days, and the fastest way to get [...]
IRS phobia is a real thing that we see more often. Phobia is defined as: "A phobia is a type of anxiety disorder defined by a persistent and excessive fear of an object or situation. The phobia typically results in a rapid onset of fear and is present for more than six months." People having [...]
As taxpayers are getting ready to file their taxes, one of the first things they’ll do is gather their records. To avoid refund delays, taxpayers should gather all year-end income documents before filing a 2019 tax return. It’s important for folks to have all the needed documents on hand before starting to prepare their return. [...]
It’s a good idea for people to find out if they should file using the standard deduction or itemize their deductions. Deductions reduce the amount of taxable income when filing a federal income tax return. In other words, they can reduce the amount of tax someone owes. Individuals should understand they have a choice of [...]
With the introduction of External Graphics Cards, high-end gaming has finally come to laptops. With an eGPU, you won't need to upgrade your entire setup to get the best out of your graphics. Buying one of these external video cards can be tricky, though. So here's our eGPU Buying Guide! This guide was created to [...]
The earned income tax credit benefits millions of taxpayers who qualify by putting more money in their pockets. This money can help with things like food, gas, clothing and even saving for a rainy day. Here’s some information for people who often miss out on claiming the credit: Native Americans: As with all taxpayers, Native [...]
Focuses on needs of taxpayers, tax professionals and businesses The Internal Revenue Service today launched Identity Theft Central, designed to improve online access to information on identity theft and data security protection for taxpayers, tax professionals and businesses. Located on IRS.gov, Identity Theft Central is available 24/7 at irs.gov/identitytheft. It is a resource on how [...]
Even the IRS knows that tax season can be stress season for some people. The IRS wants to help taxpayers as much as possible. With the 2020 tax season here, taxpayers can keep in mind these tips. Following them will help get this year’s taxes done accurately and on time. Gather records. Good recordkeeping ensures [...]