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.
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IRS Can Audit for Three Years, Six, or Forever: Here’s How to Tell
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EITC Awareness Day Is January 27: The Earned Income Tax Credit is an Important and Confusing Credit for Eligible Taxpayers
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.
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Here’s what taxpayers need to know about paying taxes on their hobby activities
Original Article Source Credits: IRS , https://www.irs.gov/
Article Written By: NA
Original Article Posted on: June 30, 2021
Link to Original Article: https://www.irs.gov/newsroom/heres-what-taxpayers-need-to-know-about-paying-taxes-on-their-hobby-activities
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Identity theft protection for taxpayers in six steps
Original Article Source Credits: IRS , https://www.irs.gov/
Article Written By: NA
Original Article Posted on: June 1, 2021
Link to Original Article: https://www.irs.gov/newsroom/identity-theft-protection-for-taxpayers-in-six-steps
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IRS Free File can help people who aren’t required to file find tax credits and get a refund
Original Article Source Credits: IRS , https://www.irs.gov/
Article Written By: NA
Original Article Posted on: April 27, 2021
Link to Original Article: https://www.irs.gov/newsroom/irs-free-file-can-help-people-who-arent-required-to-file-find-tax-credits-and-get-a-refund
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Standard Tax Deduction: How Much It Is in 2020-2021 and When to Take It
Original Article Source Credits: NerdWallet , https://www.nerdwallet.com/
Article Written By: NerdWallet
Original Article Posted on: Apr 13, 2021
Link to Original Article: https://www.nerdwallet.com/article/taxes/standard-deduction
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Do’s and Don’ts for taxpayers who get a letter or notice from the IRS
Original Article Source Credits: IRS , https://www.irs.gov/
Article Written By: NA
Original Article Posted on: April 19, 2021
Link to Original Article: https://www.irs.gov/newsroom/dos-and-donts-for-taxpayers-who-get-a-letter-or-notice-from-the-irs
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Most Common Tax Mistakes People Make
Did you know that every year thousands of tax returns are rejected due to inaccuracies? These incorrect details are usually the result of carelessness, unawareness, or misinformation. As tax season is nearing, you need to make sure that you understand what must be done to avoid errors that can get your returns rejected or, worse, incur penalties and inquiries from the IRS.
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Here’s how taxpayers can track the status of their refund
Original Article Source Credits: IRS , https://www.irs.gov/
Article Written By: NA
Original Article Posted on: March 30, 2021
Link to Original Article: https://www.irs.gov/newsroom/heres-how-taxpayers-can-track-the-status-of-their-refund
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$1,400 stimulus check or unemployment tax relief? American Rescue Plan creates a real tax headache for the jobless
Original Article Source Credits: CNBC , https://www.cnbc.com/
Article Written By: Greg Iacurci
Original Article Posted on: MAR 8 2021
Link to Original Article: https://www.cnbc.com/2021/03/08/the-american-rescue-plan-creates-a-tax-problem-for-the-unemployed.html
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Top Three Things To Look For When Hiring A Tax Preparer And Bookkeeper
While your personal taxes can be fairly simple to someone who has some basic knowledge and experience, business taxes are on a whole other level. Even the most straightforward ones are going to be significantly more complicated than personal taxes. A tax preparer and bookkeeper has plenty of experience efficiently navigating the complex world of taxes, which is why you should consider hiring a professional to manage your business taxes and bookkeeping.
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The IRS warns of ghost preparers trying to rip off taxpayers
Original Article Source Credits: Business Insider , https://www.businessinsider.com/
Article Written By: Liz Knueven
Original Article Posted on: Feb 8, 2021
Link to Original Article: https://www.businessinsider.com/personal-finance/irs-warning-ghost-preparers-tax-scams-2021-2?IR=T
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IRS warns anew of 2021 tax scammers: very active and very creative
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
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IRS Statutes of Limitations for Tax Refunds, Audits, and Collections
Original Article Source Credits: The Balance , https://www.thebalance.com/
Article Written By: William Perez
Original Article Posted on: February 24, 2021
Link to Original Article: https://www.thebalance.com/irs-statute-of-limitations-3192947
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Here’s what taxpayers should do if they have missing or incorrect documents
Original Article Source Credits: IRS , https://www.irs.gov/
Article Written By: NA
Original Article Posted on: March 1, 2021
Link to Original Article: https://www.irs.gov/newsroom/heres-what-taxpayers-should-do-if-they-have-missing-or-incorrect-documents
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2021 tax filing season set to begin February 12
Original Article Source Credits: IRS , https://www.irs.gov/
Article Written By: NA
Original Article Posted on: January 28, 2021
Link to Original Article: https://www.irs.gov/newsroom/2021-tax-filing-season-set-to-begin-february-12
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Meet The Face Behind Speedy Tax Preparation & Bookkeeping Service
I’m Mary Brown, the proud owner of Speedy Tax Preparation & Bookkeeping Service. I look forward to sharing my story. I hope that you will enjoy getting to know me better.
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What Are the Key IRS Tax Changes for 2021?
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/
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2020-2021 Federal Tax Brackets and Tax Rates
Original Article Source Credits: The Motley Fool , https://www.fool.com/
Article Written By: Matthew Frankel, CFP
Original Article Posted on: Dec 28, 2020
Link to Original Article: https://www.fool.com/taxes/2020-2021-federal-tax-brackets-and-tax-rates/
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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: 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
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