Answering Questions About the New Deadlines For 2020 Tax Returns
The IRS is taking steps to reduce the strain of 2020 for tax paying Americans. Still, there are a lot of questions. Here’s what you need to know.
What Triggers A Letter from the IRS?
The Internal Revenue Service is treated as something of a boogeyman by many Americans. People speak in hushed tones about audits and garnished wages and are intimidated by the thought of speaking to an agent.
IRS Unveils New Taxpayer Relief Initiative
The IRS has introduced the Taxpayer Relief Initiative (TRI). This new set of policies aims to alleviate the cumulative financial strain the pandemic has placed on millions of families.
What are the IRS Repayment Options?
What happens when you owe the IRS more money than you can afford to pay by the due date?
10 IRS Audit Red Flags
If just the title of this post is giving you heart palpitations, take a deep breath. Only about 0.45% of tax returns were audited in 2019. Your chances are very low that you will receive a letter from the IRS. Still, there are a few red flags that could prompt the IRS to take a second look at your tax return, and it’s important to know what they are—because forewarned is forearmed.