Fans of NBC’s Law & Order may have a negative reaction when a suspect gets away because of the statute of limitations, and cheer when the DA still finds a way to prosecute someone that viewers know is guilty. Statutes of limitations exist for a reason, however, and when it comes to your own taxes, you should sigh in relief if the IRS tries to audit you too late.

The tax year (TY) 2022 filing season kicked off on January 23, 2023. Each filing season, taxpayers face a variety of challenges, including choosing a qualified return preparer, locating a volunteer tax return preparation site, selecting tax preparation software, and understanding what they need to include on their income tax returns.

The Speedy Tax Preparation & Bookkeeping Service team wishes you the happiest holidays this season. May the God of great mercy, grace and power. Bless you, at this time of year when we celebrate His birth.

My email newsletter is a one-stop resource for relevant news and content about my business, Speedy Tax Preparation & Bookkeeping Service. I also share information about my services as a tax preparer and bookkeeper in Elizabethtown, North Carolina.

Whether you’re employed or self-employed, everyone with a taxable income owes taxes to the government. Paying your taxes is a civic responsibility and a requirement of the law, and if you fail to do so, you could face penalties, fines, or worse, get imprisoned. Therefore it’s essential that you get yourself prepared before the tax season starts. Consult with a reliable financial advisor if you don’t understand how tax systems work. These professionals will make the process as simple as possible and help you save time and money.

Original Article Source Credits:   Fox Business , https://www.foxbusiness.com/

Article Written By:  Brooke Crothers

Original Article Posted on:  February 20

Link to Original Article:  https://www.foxbusiness.com/technology/irs-warns-anew-of-2021-tax-scammers-very-active-and-very-creative

Original Article Source Credits:   Investopedia , https://www.investopedia.com/

Article Written By:  SEAN ROSS

Original Article Posted on:  Jun 12, 2020

Link to Original Article:  https://www.investopedia.com/ask/answers/121514/what-difference-between-pl-statement-and-balance-sheet.asp

Original Article Source Credits:   The Motley Fool , https://www.fool.com/

Article Written By:  Dan Caplinger

Original Article Posted on:  Dec 28, 2020 

Link to Original Article:  https://www.fool.com/taxes/what-are-the-key-irs-tax-changes-for-2021/

Original Article Source Credits: IRS , https://www.irs.gov/  

Article Written By:  NA

Original Article Posted on:   December 16, 2020

Link to Original Article:  https://www.irs.gov/newsroom/new-things-taxpayers-should-consider-as-they-get-ready-to-file-taxes-in-2021

Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:  27-Nov-2020

Link to Original Article:  https://www.irs.gov/newsroom/heres-what-taxpayers-can-do-now-to-get-ready-to-file-taxes-in-2021

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