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Taxpayer Guide to Identity Theft

By Tax Tips

The IRS knows that identity theft is a frustrating process for victims. They take this issue very seriously and continue to expand on a robust screening process in order to stop fraudulent returns. What is identity theft? Identity theft occurs when someone uses your personal information such as your name, Social Security…

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IRS Tax Audit

By IRS Audit

What is an IRS audit? An IRS tax audit is a review/examination of a business or individual’s books and records and financial information to ensure that taxpayers are accurately reporting their income and expenses, and paying the correct amount of tax according to the law. Audit Selection Selecting a return…

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Tax Refunds May Be Applied to Offset Certain Debts

By News

Past due financial obligations can affect your current federal tax refund. The Department of Treasury’s Financial Management Service, which issues IRS tax refunds, can use part or all of your federal tax refund to satisfy certain unpaid debts. Here are some important facts the IRS wants you to know about…

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Eight Tax-Time Errors To Avoid

By News

If you make a mistake on your tax return, it can take the IRS longer to process, which in turn, may delay your refund. Here are eight common errors to avoid . 1. Incorrect or missing Social Security numbers When entering SSNs for anyone listed on your tax return, be…

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