Here’s the scene…
You tensely approach the brand new accounting firm’s building that will be handling your tax preparation. The only reason you are in this situation is because you waited too long and your trusted accountant of 15 years is fully booked. (more…)
Are you feeling the crunch of the April 15 deadline and need some questions answered to make sure you don’t screw it up and pay more taxes than you need to?
There is actually free irs tax help available to individuals with low to moderate income and to the elderly. Free Taxpayer Assistance centers are located in every state to help you answer your tax preparation questions and help you complete your tax return. (more…)
The answer is … probably not.
The IRS has a decreased budget overall, plus they have lessened the amount of dollars allocated within their budget for tax auditors. Does that mean you can cheat? Nope. If you do happen to win the Uncle Sam lotto and get audited next year or up to 6 years from now, you could still get caught if you fudge this year’s taxes. Remember, an audit would go back three to six years and scrutinize your records for each year looking for any suspicious activity, so it’s best to take the high road. (more…)