Every year we treat April 15th like it’s the end of the world, and why? It’s because we have to pay our taxes.
Some of us don’t mind having to do so. Others either don’t want to or like to do so.
Are you on the fence or trying to avoid the inevitable?
Well, maybe a message from an American icon can help you get in a better disposition. After all, like Donald Duck teaches us here, it is not our duty to pay taxes. No, it is our patriotic privilege.
Life is full of changes of which may include a change in marital status. You may have gotten married or divorced. Regardless of which one, there are a few tax implications that you should keep in mind and make sure you have them completed in the year the change occurred. Name Change: This may not…
It may seem obvious that those envelopes marked “Important Tax Documents Enclosed” contain something you want to bring to your accountant. There are many other items, however, that may be necessary to complete your tax return, even if it doesn’t seem very complex. Reading through this suggested list of documents should help make compiling your…
As tax season approaches, we would like to remind others to be on the look out for fraudulent schemes. Every tax season, there is an increase in schemes that target innocent taxpayers by email, by phone and on-line. Some of the most prevalent IRS impersonation scams include: Requesting fake tax payments: The IRS has seen automated…
Everyone has certain, undeniable rights. That includes you, the Taxpayer. Below is what is known as the Taxpayer Bill of Rights. This outlines the information that the taxpayer has the right to. This helpful guide was created by the Taxpayer Advocate service. The Taxpayer Advocate Service (TAS) is your voice at the IRS. An independent organization…
Tax professionals have varying levels of skills, education and expertise. Furthermore, not all tax professionals have the right to represent taxpayers before the IRS, such as during an audit. Taxpayers should be aware of the credentials, qualifications and extent of service each prospective professional provides before obtaining their service. Enrolled agents, certified public accountants and…
As careful and meticulous as you might be in preparing your income tax return, you may find yourself shocked and dismayed to discover an audit notice from the IRS in your mailbox. However, the likelihood of an IRS audit is small and has been dropping in recent years. Currently, the IRS is auditing less than 1%…