36 Tax Filing Mistakes and How To Avoid Them
Taxes are hard enough without being frustrated by an IRS notice. Most people freak out when they get an IRS notice, so below are 36 common mistakes and how to avoid them. This list is based on common mistakes listed by the IRS. 1) Not signing the return. Create a checklist based on this document. […]
Tax Preparation Done Right 5 Things You Need To Know
The following are some items that you should take into consideration regarding the preparation of your personal tax returns. Remember, if you hire a tax professional, you are not paying them to just fill out the forms. You are paying them to offer guidance, look for previous problematic or audit situations and ultimately pay the […]
Unfair Assessments Could Await Those You Who Do Not File Returns.
The following are some items that you should take into consideration regarding the preparation of your personal tax returns. Remember, if you hire a tax professional, you are not paying them to just fill out the forms. You are paying them to offer guidance, look for previous problematic or audit situations and ultimately pay the […]
Unfair Assessments Could Await Those You Who Do Not File Returns.
If you have not filed a return in a while, do not be surprised if the IRS files what is called a Substitute For Return (SFR). This assessment is almost never in your favor and can have devastating consequences for potential any resolution options you potentially have. What happens after you are sent a […]
Late Filed Tax Returns! 6 Issues You Need To Know.
Yah I know, it was just April 15th yesterday… time flies. Here are some things that you need to know if you are considering going beyond the filing deadline. FYI – There’s another one coming up in October. Crime– It is a crime to willfully fail to file a return. While the IRS doesn’t typically […]
15 Reasons for Obtaining a Tax Extension
1. You still have not received K-1s, 1099s or other documents needed to accurately prepare your return. 2. You did not receive letters confirming charitable contributions that are required to be in your possession by the due date of your tax return. 3. There is pending litigation or a tax audit and reporting certain transactions […]