The Internal Revenue Service never fails to warn the public about the common forms of IRS scams. And yet a lot of people still fall prey to these bogus activities. IRS scammers have become more creative in deceiving and extorting money from their targets. Learn from some real life IRS tax scam stories to prevent you from becoming the next victim… Click to read more
Taxpayers generally want to avoid filing errors because they lead to tax problems and inconveniences. There are times when a taxpayer might experience tax filing mistakes due to complicated and sometimes confusing forms, calculations, and filing procedures. These errors can cause a delay in refunds or even tax penalties on their tax bill… Click to read more
It is perfectly normal to feel worried or scared when the Internal Revenue Service (IRS) has chosen you for a tax audit. The IRS auditors will comb through your income tax return, receipts, business books, and other financial records. You may feel you are going to be hauled off to a tax court or, worse, spend years in prison. Before you start panicking, make sure you are prepared for anything with regard to taxes, including an audit… Click to read more
A tax-deductible donation encourages charity works by reducing the benefactor’s taxable income. If you often donate to charity, you might want to start listing the amount you give. Here’s everything you need to know about what a tax-deductible donation means… Click to read more
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