Category: Tax Preparation
Over 10 million people file extensions every year to secure more time to file their taxes – 6 months to be exact. Procrastinators and disorganized filers will surely rejoice, but is taking your sweet time to file always the smartest option? We unpa...
Instead of simply calling vulnerable taxpayers posing as the IRS and demanding money, scammers have turned to more sophisticated tactics. The IRS now warns of the newest scam. Scammers file fraudulent returns, sending the tax refund to the victim, an...
You came, you claimed, you filed. Now what? Instead of kicking back and waiting for that return to process (although that’s part of it!), consider setting yourself up for a successful 2018 filing with a few small but impactful tasks. Additionally, ...
There are about 6 million Americans living abroad, and growing every year due to increasing economic flexibility and globalization. Although Americans may live elsewhere, they still have to file as citizens of the country. This come with an added sen...
A new calendar year means many things to many people. Such as a fresh start on life, a chance to streamline daily routines, or a renewed commitment to goals and relationships. It’s also a time for making, keeping and sometimes breaking New Year...
Hit with an underpayment penalty or trying to continue avoiding one? These fees come from the IRS when you haven’t properly estimated how much tax you were going to owe to the IRS for a particular tax year. Those that do not have taxes withheld by ...
For serving in the US military, Uncle Sam kindly rewards troops and servicepeople. He offers both tax breaks and tax deductions not available to civilians. Taking advantage at least some, if not all, will bolster your financial standing. This applies...
Fortunately, the answer is not forever. The statute of limitations on federal tax debt is 10 years. This means the IRS must cease trying to collect your debt 10 years after filing your return or being audited. However, it’s not quite this simple. U...
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