Income Tax Help
When you put the words "The" and "IRS" together, it spells "THEIRS".
Many tax payers don't think about taxes until its time to prepare and file their returns. However, those who view taxes as a year-round personal finance matter tend to fare much better than those who view taxes as something that they only care about for a brief period each April.
If you spend some time reading and learning on this site, you'll find much of the information you need to make sure you're not paying more than your required share of taxes, and yet, not running afoul of the IRS. Always remember that if at any point you feel you are trying to handle an issue that's over your head, you should seek professional help.
5 IRS Red Flags That Could Lead to an Audit
In these times of a struggling economy, massive Government spending, and a skyrocketing national deficit, you can be sure that the IRS will work hard to collect every penny of taxes they're owed. The IRS estimates that the gap between what is owed by taxpayers, and what the IRS collects each year, is in the neighborhood of $400 billion. This could lead to higher scrutiny of individual tax returns, and an increasing number of IRS audits.
The IRS keeps their criteria for auditing tax returns a closely guarded secret, but there are a few things that clearly increase the odds of having to explain yourself to the taxman.
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5 Deductions Tax Payers Often Miss
In order to minimize your tax bill and maximize your tax refund, you need to make sure to take advantage of every deduction and credit you're entitled to. To make this a little easier for you, we've highlighted 5 deductions that most taxpayers are entitled to take, but often overlook when filing their tax returns.
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