10 Tips When You Get An IRS Letter
Apr29

10 Tips When You Get An IRS Letter

Each year, the IRS mails millions of notices and letters to taxpayers for a variety of reasons. If you receive correspondence from the IRS, here are ten tips the IRS wants you to know: First of all, don’t panic. You can usually deal with a notice simply by responding to it. Most IRS notices are about federal tax returns or tax accounts. Each notice has specific instructions, so read your notice carefully because it will tell you what...

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10 Tips to Amend Your Tax Return
Apr25

10 Tips to Amend Your Tax Return

If you filed a tax return that was accepted by the IRS and then realized you made a mistake or had an omission that needs to be reported, you can correct the errors or omissions by filing an amended tax return. If you need to file one, the IRS offers these tips which can help when amending a return. Must be filed on paper. Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct your tax return. It can’t be e-filed. You...

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If You Missed the Tax Deadline
Apr20

If You Missed the Tax Deadline

If you didn’t file a tax return or an extension this past Monday, April 18, the IRS offers the following tips: File and pay soon. If you owe taxes, you should file and pay as soon as you can, which will stop the interest and penalties that you will owe. IRS Direct Pay is a free, secure and easy way to pay your balance due directly from your checking or savings account. The IRS doesn’t charge a penalty for filing a late...

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Scammers Take Advantage of April 18 Deadline
Apr18

Scammers Take Advantage of April 18 Deadline

IRS Commissioner, John Koskinen, warns that scammers may try using the April 18 tax deadline to prey on taxpayers by impersonating the IRS with fake phone calls and emails as the tax deadline nears. These criminals may try to trick honest taxpayers over the phone or via email, and people should remain vigilant. These scam artists frequently masquerade as being from the IRS, a tax company and sometimes even a state revenue...

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5 IRS Estimated Tax Payment Tips
Apr12

5 IRS Estimated Tax Payment Tips

You usually will have taxes withheld from your pay if you are an employee. However, if you don’t have taxes withheld, or you don’t have enough tax withheld, you may need to make estimated tax payments. If you are self-employed you normally have to pay your taxes with this method. Here are five tips from the IRS about making estimated tax payments: When the tax applies. You should pay estimated taxes if you expect to owe at least...

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