ROUND NUMBERS: PLEASE AUDIT ME Overuse of Round Numbers Increases Likelihood of an IRS Audit & Assessment of Penalties While most taxpayers are diligent about maintaining documentation and … [Read more...] about ROUND NUMBERS: PLEASE AUDIT ME
IRS Tax Planning Ideas, Tips & News
IRS Examining Education Credits
IRS Examining Education Credits Education Credits Catch IRS Attention The IRS is carefully monitoring taxpayers who claim education credits on their personal income tax returns due to increased … [Read more...] about IRS Examining Education Credits
You May Be Running Out of Time If You Own Offshore Accounts
You May Be Running Out of Time If You Own Offshore Accounts September 28, 2018 Effective Date The U.S. Government, concerned about offshore tax evasion, implemented the Foreign Account Tax … [Read more...] about You May Be Running Out of Time If You Own Offshore Accounts
ITEMIZED TAX DEDUCTIONS – 2017 Tax Cuts & Jobs Act What You Need to Know
ITEMIZED TAX DEDUCTIONS 2017 Tax Cuts & Jobs Act What You Need to Know The 2017 Tax Cuts & Jobs Act (TCJA) significantly impacted homeowners who typically itemized their mortgage interest, … [Read more...] about ITEMIZED TAX DEDUCTIONS – 2017 Tax Cuts & Jobs Act What You Need to Know
IRS Form W-4 – How Many Allowances to Claim?
IRS Form W-4 How Many Allowances to Claim? 2017 Tax Cuts & Jobs Act Impacts Federal Tax Withholdings Beginning in 2018, many taxpayers are concerned that they may be having … [Read more...] about IRS Form W-4 – How Many Allowances to Claim?
NEW TWIST TO IRS PHONE SCAM
NEW TWIST TO IRS PHONE SCAM SPOOFERS MIMIC IRS PHONE NUMBER In this scam scenario, the taxpayer receives a phone call from a scammer impersonating the IRS and informs you that a balance is due the … [Read more...] about NEW TWIST TO IRS PHONE SCAM
